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A report released yesterday (Mar 10) by the Organisation for Economic Co-operation & Development (OECD) has advised textile manufacturers to support government efforts to tighten environmental rules, saying they are unlikely to cause a loss of business.

The report is an attempt to dispel the widely-held view that tighter environmental rules increase costs and damages business – especially in emerging market manufacturing hubs.…

A shortage of raw materials and domestic equipment is making import substitution difficult for the Russian textile sector. Indeed, instead of seeing rising production amidst increased rhetoric about localising production, fabric output has slumped across all categories. According to industry insiders, manufacturers are still years away from replacing imports with locally-made products.…

The European Union (EU) is considering adopting methods used by the United States Environmental Protection Agency (EPA) through staging secret tests to check in service cars for type approval compliance. A hearing today (February 23) at the European Parliament’s (EP) key environment, public health and food safety committee learned that with test contents kept secret, automakers cannot design and fit cheat devices to subvert controls.…

Experts have called at the European Parliament for updated regulations and a harmonisation of policies in each of the 28 European Union (EU) member states to address road safety concerns – notably new rules on cutting vehicle speed. They were speaking at a hearing entitled ‘Towards a European Road Safety Area’, held on Tuesday (Feb 16) by the parliament’s committee on transport and tourism.…

The need for energy efficiency and energy reduction were two key messages emerging from the UN Paris climate change agreement in December (2015), and the coatings sector is poised to help its customers achieve these goals. Indeed, they may become legal obligations under rules emerging from the agreement stuck by the 21st Conference of the Parties (COP 21) to the UN Framework Convention on Climate Change (UNFCCC)

It pledged significant changes and challenges for many industrial sectors, from mining to farming and steel manufacture.…

China has admitted in a new white paper that its nuclear emergency response mechanism is “inadequate” for coping with “new situations and challenges” arising from its nuclear power plants. And the document, issued by China’s State Council (effectively its cabinet) has admitted that the country is still lagging behind its nuclear power competitors regarding both technology and trained manpower.…

St Petersburg State University of Industrial Technology and Design is effectively leveraging its tight collaboration with textile industry representatives and a recently westernised curriculum to boost its reputation for upstream expertise within the sector.

Introducing differentiated bachelor’s and master’s standard courses has allowed the university’s Institute of Textile and Fashion to stay relevant, despite the changing textile industry landscape within Russia.…

TAIWAN’S sportswear and functional textile exports are to be boosted by the Olympic Games in Rio de Janeiro, Brazil in August this year, according to a forecast by the Taiwan Institute of Economic Research (TIER).

The think tank has observed that demand for sportswear and functional textiles remained strong, even while orders for other textile categories were being cut.…

CHINA’S central bank, the People’s Bank of China (PBC), has issued a new anti-money laundering and terror finance reporting requirements for all financial institutions inside the country. The rules come into force July 1. They cover banks, brokers, foreign exchange, online and mobile payment systems and insurance companies, who will have to file reports to the central bank, via their headquarters or via representative institutions, if a client requires daily cash transactions exceeding Chinese Yuan Renminbi CNY50,000 (USD7,261) or a larger amount of USD10,000’s worth in foreign currency.…

FOR India’s pharmaceuticals sales are expected to reach USD55 billion in 2020 from the current level of USD18 billion, although growth in exports of Indian-made medicines will be slower, predicts a research report released by Associated Chambers of Commerce and Industry of India (ASSOCHAM) and New York-based consultancy firm TechSci Research.…