Search Results for: Indonesia

THE EUROPEAN Commission is attempting to move the legal boundary where tax avoidance becomes tax evasion, criminalising some aggressive tax planning that has caused controversy across Europe. The move is one a number of recent practical tax and anti-fraud law reforms that Brussels has been pushing to help tax authorities in the European Union (EU) collect reasonable levels of revenue.…

Many confectionery manufacturers in the United States continue to make strides in sustainable packaging, focusing on reducing inputs and using more recyclable materials. However, ice cream manufacturers have prioritised cost savings and consumer trends in the past few years over eco-friendly features, stagnating innovation in sustainable ice cream packaging.…

WHILE the international market for certified sustainable palm oil (CSPO) was boosted at a Berlin conference last autumn (2012) when Germany and France established national business forums, there are concerns that this green market system could be failing. And according to the governing body, the Round Table on Sustainable Palm Oil (RSPO), production of certified sustainable palm oil is now about 9.6 million tonnes annually (16% of global crude palm oil production).…

THE CHAIRMAN of the Indonesian Textile Association (API – or Asosiasi Pertekstilan Indonesia) has told WTiN.com that it is anticipating steady growth in exports of Indonesian textiles and garments over the next few years. Expansion in Japan, the Middle East and other Association of Southeast Asian Nations (ASEAN) markets would prove increasingly important, he predicted.…

THE EUROPEAN Parliament has voted to reduce the support the European Union (EU) gives to the traditional biofuel sector, backing European Commission proposals to amend the renewable energy directive (2009/28/EC). MEPs agreed that the law should insist that first-generation biofuels (from long-standing sources, notably food crops) should not exceed 6% of EU energy consumption in transport by 2020, compared to the 10% target for all biofuels in the existing legislation.…

INDIAN consumer product company Godrej has been pushing into Africa’s hair care market with four acquisitions in the last five years, putting it in a strategic position to compete with major western companies.

Selling hair colourants, hair extensions and soaps in Africa through brands such as Inecto, Renew, Tura and Darling, Godrej is banking on Africa’s fast growing demand for cosmetics and other personal care products and is moving towards becoming an established multinational.…

For manufacturers looking for a cost effective fibre in current global markets, cotton prices are at last stabilising following the last few years’ price distortions and increases, said Mark Messura, US-based Cotton Incorporated’s senior vice president of global supply chain marketing.…

China’s textile industry must create new competitive advantages to compete with emerging low-cost producers such as Vietnam and Bangladesh in today’s tough export climate, according to a senior official with the China National Textile and Apparel Council.

“It’s clear from the trade data that apparel exports in low-cost countries including Vietnam and Bangladesh are growing faster than those in China and we must increasingly look to expand the value of exports rather than rely on bulk selling at low prices,” said Liu Yaozhong of the council’s international trade office at a seminar during the Intertextile Shanghai Apparel Fabrics trade show Tuesday.…

COAL might be regarded as the oldest energy source going, but it is still currently the world’s largest long-term source of electricity. It fuels around 40% of global electricity production, according to the UK-based World Energy Council, a United Nations (UN) accredited body representing some 3,000 private and public-sector member organisations across 90 nations.…

Turkey’s textile and garment sector is aiming to significantly expand its sales to key global markets outside of Europe, such as the US, while continuing to grow exports to European Union (EU) countries over the next few years, WTiN.com has been told.…