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BELGIAN CAN MARKET BEACON OF ENVIRONMENTAL GOOD PRACTICE, SAY EXPERTSBELGIAN CAN MARKET BEACON OF ENVIRONMENTAL GOOD PRACTICE, SAY EXPERTS
Belgium is a beer heavyweight in global markets, and hence a major source of canning demand, with 417 brewers according to the country’s industry association Belgian Brewers, providing nearly 7,000 jobs (1). It is the fifth biggest producer in Europe, producing 2.047 billion litres of beer in 2023, according to the latest European Union (EU) statistical agency Eurostat figures (2).…
CHINESE PAINT MAJORS LOOK TO DOMESTIC CONSUMER SALES AS COMMERCAL REAL ESTATE SLUMPS
China’s paint and coatings companies are struggling to make headway in a tough domestic real estate market, even though medium-term forecasts remain positive. In the first six months of 2024, the value of real estate sales fell by 26.4% year-on-year. The average prices of deals struck dropped 7%, according to the China Real Estate Information Corp which bases its data on the country’s 100 largest real estate developers.…
10 KEY TAKEAWAYS FROM THE ACT MIDDLE EAST TREASURY SUMMIT 202410 KEY TAKEAWAYS FROM THE ACT MIDDLE EAST TREASURY SUMMIT 2024
*UAE family-owned businesses still debt shy, says top CFO
In the United Arab Emirates (UAE), family-owned businesses contribute up to 70% of GDP, according to the ministry of economy, and continue to be a powerful force in the Gulf region, the ACT Middle East Treasury Summit 2024 was told.…
TAIWAN’S ECO-PLASTICS AND PACKAGING SECTORS DOUBLING DOWN ON MANUFACTURER EDUCATION AND CUSTOMER ENGAGEMENT
Taiwan’s major packaging and packaging machine industries – with more than 1,000 factories – have been prospering in through proactive service delivery. They have helped the country’s local and overseas packaging value chain in handling and using their goods and services, including eco-plastics.…
INNOVATE WHEN YOU CAN IN FAST MOVING WORLD, FEICA HEARS
In a “scary” world that is moving faster, adhesive businesses should assess opportunities to innovate, focusing on their “your sense of timing”, innovation expert Peter Hinssen told participants in the FEICA 2024 European Adhesive & Sealant Conference. Speaking in Noordwijkerhout, the Netherlands, Hinssen, partner at consultancy nexxworks, told members of the Association of the European Adhesive and Sealant Industry (FEICA) companies should not wait until they are at their peak or past it, to reinvent themselves: “That doesn’t work anymore.…
VENEZUELA MIGHT FACE FATF BLACKLISTING AS SANCTIONS PILE UP FOLLOWING CONTESTED ELECTION
Venezuela, whose July presidential election has been contested by its political opposition as fraudulent, is facing an increase in financial controls having been grey listed by FATF this June (2024). This was over failures to respond to the global body’s requests for improvements in AML/CFT.…
SRI LANKAN CLOTHING SECTOR HOPES FOR STABILITY FROM NEW LEFT-WING ADMINISTRATION
Sri Lanka’s clothing sector is banking on newly elected left-wing President Anura Kumara Dissanayake’s commitment to strengthen the country’s support from the International Monetary Fund (IMF) and fast track debt restructuring to bring stability to the country.
For the country’s export-heavy apparel sector “stability is essential to retain global competitiveness, attract new investment, and sustain jobs,” Sri Lanka’s apparel industry body Joint Apparel Association Forum (JAAF) secretary general Yohan Lawrence, told Just Style.…
PORTUGUESE COMPANIES ATTRACT MORE BUYERS WITH SUSTAINABILITY AND CIRCULARITY
Portuguese textile and garment industry executives have told Just Style how they can attract more international buyers and export sales at a tough time for the sector, through its sustainability, quality, innovations and proximity to main markets.
They were speaking at the 60+4 edition of Modtissimo, the oldest international textile fair in the Iberian Peninsula, in Matosinhos, northern Portugal, on September 12-13 (1).…
COMMODITIES FRAUDSTERS TAP TRILLIONS OF DOLLARS POOL FOR THEFTS
With the global commodities market valued at USD121.2 trillion in 2024 and expected to generate USD136.8 trillion in 2029 (1), the scope for fraudsters to make money from this sector is vast. German statistical service Statista notes that commodities sales have latent augmentation, given that it all includes emissions trading systems expanding worldwide, along with energy products, food and drink, precious and industrials metals and more.…
DESPITE HEADWINDS, VIETNAM’S CAN MANUFACTURING MARKET SET FOR GROWTH
Major emerging markets such as Vietnam are regarded by the west as sourcing hubs for products and packaging, but this south-east Asian country of 100 million people is now a major metal packaging market. According to recent forecasting from India-based market researcher Mordor Intelligence, the Vietnamese metal packaging market is expected to expand at a compound annual growth rate (CAGR) of 3.07% from 2024 through 2029, growing from USD2.11 billion to USD2.45 billion (1).…