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Compliance experts believe the sanctions imposed thus far by the USA and European Union (EU) on Russia over the Ukraine crisis will have a mixed effect. One of the biggest criticisms is that the sanctions were publicly discussed before being implemented giving targeted individuals time to get their finances to a safe haven.…

EGYPT’S paint market is in flux due to the political and economic instability that has raged in the North African country since 2011. This 180 million litre paint market, valued at USD275 million, slumped 10% in 2011, according to paint major Jotun, following the overthrow of President Hosni Mubarak, and has struggled to recover.…

THE COUNTRIES of Latin America may have strong cultural links, but their politics and economies have always varied and this is still the case with the paint and coatings sector. Whilst the whole region has experienced rising incomes over the past decade, this growth has been far from even and is currently under threat – for instance in Venezuela and Argentina, where interventionist governments have impeded trade.…

The United States Federal Trade Commission (FTC) is cracking down on misleading environmental claims – or ‘greenwashing’ – by American plastics companies. The FTC is increasingly taking companies to court who break its rules on deceptive marketing, which it can enforce under the FTC Act, and considering updating guidance last amended in 2012.…

The reorientation of South Korea’s steel plate makers towards clients making marine installations for offshore oil and gas companies might guarantee future business, but there is a risk of falling margins, a report has warned.

UK-based energy industry market researchers and consultants Douglas-Westwood has warned especially that such energy work can need eight to ten times less plate per USD of order value compared to conventional ships.…

MORE than five months of fighting between the government and rebel forces in South Sudan has further devastated the country’s already neglected higher education system.

Two of South Sudan’s five public universities fell in the path of some of the war’s heaviest clashes.…

NORTH American researchers have discovered a way to genetically engineer trees to make their wood easier to break down in industrial processing, requiring fewer chemicals and less energy to produce paper and biofuels. The project, a collaboration between researchers at Canada’s University of British Columbia (UBC) and the USA’s University of Wisconsin-Madison and Michigan State University, has potentially significant implications for the commercial use of wood by-products and how they relate to forestry management and the environment.…

Final statistics to be published by the European Environment Agency (EEA) in the fall are expected to confirm that the average CO2 emissions of new cars sold in the European Union (EU) in 2013 were already below the European Union’s (EU) 2015 required target.…

The Istanbul Chamber of Industry (İstanbul Sanayi Odası – ISO) has identified actions the Turkish textile industry should take to capitalise on its potential, including an increase in research and development (R&D) and recruiting more skilled workers.

In a ‘Textile Industry Sector Report’ released earlier this month, the ISO identified strengths in the country’s textile industry, including high levels of production capacity in all sub-sectors.…

CAMBODIA’S thriving garment industry could double its exports if the country’s local textile production is ramped up, Garment Manufacturers Association of Cambodia (GMAC) chairman Van Sou Ieng has told WTiN.

“The industry could expect an increase in export figures by 100%” if local textile and yarn production was expanded, Mr Ieng said.…