Search Results for: South Africa
10 results out of 4361 results found for 'South Africa'.
TUNISIA UNDERPINS SUCCESS AS DENIM OUTSOURCER THOUGH PROMOTING ITS QUALITY AND SUSTAINABILITY
Tunisia is underpinned its sustained growth as a denim supplier through promoting its quality specialist production that employs sustainable environmental and social practices.
Since its 2011 revolution that launched the ‘Arab Spring’, exports of denim jeans from Tunisia have doubled. According to the Tunisian exports and promotions agency CEPEX the value of jeans exported from Tunisia have risen from Tunisian dinars TND586.40 million (USD202 million) in 2010 to TND1.32 billion (USD455 million) in 2018.…
JAPAN CLOTHING BRANDS’ PAST SOURCING DIVERSIFICATION HAS PROTECTED THEM FROM US-CHINA TRADE WAR
JAPAN clothing brands have protected themselves in advance against exposure from the US-China trade war by decreasing their reliance on China-based manufacturing outposts in recent years. This sourcing diversification has occurred initially because of rising costs in China.
According to the Japan Apparel Fashion Industry Council (JAFIC), this movement away from Japan means the impact on Japanese textile and apparel companies from US tariffs imposed by the Trump administration on China-made exports would be “slight”.…
SAE-A TRADING EYES BUILDING HIGH-TECH PLANT FOR POLYESTER YARN IN GUATEMALA
South Korea’s Sae-A Trading, one of the world’s largest apparel manufacturers and exporters, is considering building an estimated USD200 million high-tech industrial complex in Guatemala for making polyester yarns. Its goal – taking advantage of rising US demand for apparel made in Central America. …
KAZAKH COMPANY OFFLOADS SNACKS BRANCH TO UKRAINE MANUFACTURER TO FOCUS ON DRINKS
Kazakh food and drinks holding company RG Brands is to move out of solid foods to focus on its drinks lines, selling its main snacks producer Almaty Snack Food, to a major Ukrainian company, RG Brands has announced. Almaty Snack Food produces a potato chips brand called Grizzly, which has been a popular line on the Kazakhstan and Kyrgyzstan markets for 12 years.…
PRESSURES GROW ONTO CHINA’S GOVERNMENT TO DO SOMETHING ABOUT PORK
AFRICAN swine fever (ASF) has been squeezing pork supplies in China to a point where the country’s political leadership fears upheaval, as reflected by the country’s government influenced social media restricting ASF-related discussion. Even academic articles, if ASF-themed, now require explicit regulatory approval before publishing, informed sources in China, who requested anonymity, told just-food. …
EU WINE AND SPIRITS EXPORTERS OFFERED NEW ACCESS TO SOUTH AMERICA UNDER MERCOSUR TRADE DEAL
A EUROPEAN Union (EU) trade deal struck with South America’s Mercosur group of Brazil, Argentina, Uruguay and Paraguay, will open this emerging market to EU drinks exporters. The agreement, which now needs to be ratified by both sides, will phase out Mercosur duties on wine of 27%; whiskey and other spirits (taxed at 20% to 35%); and soft drinks (taxed at 20% to 35%).…
GERMAN FREIGHT FORWARDER HIT WITH USD1 BILLION FINE OVER ANGOLA BRIBES
Disgraced German-owned freight forwarding company, FH Bertling, was fined GBP850,000 (USD1 million) June 3 for an Angolan bribery scheme, in a case brought by the UK Serious Fraud Office (SFO). The four-year investigation and prosecution by the SFO into the company’s British wing revealed that senior executives had conspired to pay USD350,000 in bribes to an agent of the Angolan state oil company, Sonangol, to secure USD20 million worth of shipping contracts between January 2004 and December 2006.…
GERMAN FREIGHT FORWARDER HIT WITH USD1 BILLION FINE OVER ANGOLA BRIBES
Disgraced German-owned freight forwarding company, FH Bertling, was fined GBP850,000 (USD1 million) June 3 for an Angolan bribery scheme, in a case brought by the UK Serious Fraud Office (SFO). The four-year investigation and prosecution by the SFO into the company’s British wing revealed that senior executives had conspired to pay USD350,000 in bribes to an agent of the Angolan state oil company, Sonangol, to secure USD20 million worth of shipping contracts between January 2004 and December 2006.…
INTERNATIONAL REGULATORY ROUND UP – ISO LAUNCHES NEW COCOA SUSTAINABILITY STANDARDS
THE INTERNATIONAL Organization for Standardization (ISO) has launched a series of standards designed to help the cocoa industry ensure its products are both sustainably harvested and processed, but also traceable across their supply chains. Its ISO 34101 series is designed to promote good environmental and labour practices in a sector that involves sophisticated confectionery companies, global commodity traders and small farmers, often in poor countries, notably in west Africa.…
AUSTRALIA’S PAINT AND COATING SECTOR IS CONTRACTING WHILE COUNTRY’S OVERALL ECONOMY STRIDES AHEAD
THE AUSTRALIAN coating and paint market has experienced volatility over the past five years, with mergers and acquisitions consolidating the industry, whilst consumer demand and legislation have boosted the sale of more environment-friendly products. Across the Tasman Sea, meanwhile, New Zealand has seen growth due to innovation in high-performance and green coatings.…