Search Results for: Turkey

THE EUROPEAN Bank for Reconstruction & Development (EBRD) is increasing its assistance to Ukraine, because of its ongoing political and military crisis, the development institution’s annual meeting has been told. The country is a core part of the EBRD’s eastern, central Europe and central Asia region of operation, along with Russia, which recently annexed Crimea, sparking a diplomatic firestorm.…

Final negotiations are under way to secure f a planned investment by Turkish textile manufacturer Akber to construct the biggest textile plant in Ethiopia so far.

A spokesperson at Ethiopia’s Textile Industry Development Institute (TIDI) confirmed to just-style that talks with Akber are taking place but stressed that a final agreement is yet to be signed, and that further details will be released soon.…

THE EUROPEAN Commission has added borates, chromium, coking coal, magnesite, phosphate rock and silicon metal to the European Union (EU) list of critical raw materials, prioritising EU policy actions to secure supplies of these minerals.

By adding these six materials, it raised the number of minerals considered of critical importance to the EU economy to 20.…

THE INTERNATIONAL Trade Centre (ITC) and the Cambodian ministry of commerce are trying to revive Cambodia’s silk production sector, as the country is importing almost all its total 400 tonnes annual raw silk requirement.

Currently, only five tonnes of Cambodian silk, which is noteworthy because of its natural yellow colour, is produced in the country each year.…

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.…

Colombia’s struggling automobile sector is anticipating the April 15 launch of a new government program designed to help it follow the successful tactics of its principal competitors abroad.

The primary objective of the scheme, PROFIA, (Development Program for the Automotive Industry) is to help the sector recover market share from cheap imports, notably by imports by slashing tariffs on parts and materials imported for vehicle assembly.…

TURKEY is the Middle East’s largest oilseed producer, but domestic demand outstrips supply despite efforts to boost production. In olive oil, Turkey is increasing production and exports, being the fifth largest producer globally, with the sector valued at USD500 million, according to Tariş Zeytin ve Zeytinyağı – the union of olive and olive oil co-operatives.…

AS labour costs in China continue to rise, its apparel and textile industry is seeing orders being transferred to other outsourcing locations as foreign buyers seek lower cost manufacturers. This move could be especially damaging for smaller, low-end Chinese manufacturers, leaving China-based orders increasingly concentrated amongst larger companies, according to a report from the China Cotton Textile Association: “Small to medium manufacturers said their orders dropped sharply during the first quarter of the year while big manufacturers said they had enough orders to keep them busy,” it explained.…

WHEN the Percassi family, owners of the successful make-up brand KIKO Make Up Milan, purchased in October 2013 a UNESCO-listed historic industrial site called Crespi d’Adda in northern Italy, it was not only a sign of their success, but proof of the old adage that tough economic times can be good for the beauty industry. …

THE INSTABILITY prompted by the crisis in Ukraine is increasing the risk of crime-tainted Russian assets being moved into new safe havens to avoid the effects of possible sanctions. With EU member state Cyprus long favoured by Russian investors, and likely to be covered by any sanctions, could the self-proclaimed Turkish Republic of Northern Cyprus (TRNC) offer an attractive alternative?…