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INDIA DEMONETISATION HARMS SALES AND PRODUCTION IN PERSONAL CARE PRODUCT SECTOR
India’s cosmetics and perfumery industry has been severely hit by the demonetisation of higher value Indian Rupees INR500 (USD7.30) and INR1,000 (USD14.70) notes that constituted 86% of the total cash in the country’s economy.
Production within the sector has fallen by 20% since the government unexpectedly announced on November 8 that these notes would no longer be legal tender, Satish Thipsay, chairman of All India Cosmetic Manufacturers’ Association, in Mumbai, told Soap Perfumery & Cosmetics.…
EU LAUNCHES NANO OBSERVATORY BUT SHUNS MANDATORY REGISTER
A new European Union Observatory for Nanomaterials (EU-ON) database is set to go live in summer 2017. Its establishment will relieve the cosmetics industry which had feared earlier proposals to create a mandatory nanomaterials register, regarding it as a potential bureaucratic nightmare.…
WOMEN IN FINANCE STILL PRESSURED TO PROVE THEMSELVES MORE THAN MEN, SAYS KEY FEMALE UAE ENTREPRENEUR
Her Excellency Sara Al Madani ventured into the business world at a time when very few Emirati women dared to do so. Defying gender and cultural norms, she started her fashion label Rouge Couture at the age of 15.
Eager to give a new twist to the abaya (the robe-like dress worn by some Muslim women), she went on to create dozens of unconventional designs of the traditional garment and opened three branches of her boutique in the United Arab Emirates (UAE).…
MIDDLE EAST AND AFRICA SKINCARE MARKETS
ONE of the wealthiest countries in the world, Qatar’s gross domestic product (GDP) per capita was estimated at USD73,653 in 2015, according to the World Bank. Close to 85% of the country’s 2.5 million population are expatriates and this has influenced the skincare products on offer, while high levels of disposable income continue to drive consumption.…
INDIA DEMONETISATION HARMS SALES AND PRODUCTION IN PERSONAL CARE PRODUCT SECTOR
India’s cosmetics and perfumery industry has been severely hit by the demonetisation of higher value Indian Rupees INR500 (USD7.30) and INR1,000 (USD14.70) notes that constituted 86% of the total cash in the country’s economy.
Production within the sector has fallen by 20% since the government unexpectedly announced on November 8 that these notes would no longer be legal tender, Satish Thipsay, chairman of All India Cosmetic Manufacturers’ Association, in Mumbai, told Soap Perfumery & Cosmetics.…
PERSONAL CARE PRODUCT SALES WITHSTAND RUSSIA’S WEAK ECONOMY, ALTHOUGH BUDGET LINES HAVE BEEN REPLACING HIGHER-END BUYS.
Russia’s economic woes are well-documented, yet, rather than mirroring the financial downturn, its personal care market and industry has remained comparatively healthy. Beneath these encouraging figures, however, strong currents appear to be instigating long-term changes to the sector, notably an increasing preference for cheaper products by hard-pressed consumers.…
KORDSA REINFORCES INNOVATION IN THE TURKISH TEXTILES MARKET
A global player in the textile tyre, composite and construction reinforcement technologies market, Turkey’s Kordsa Global is benefiting from a new research initiative as it seeks to remain a world leader in the market of tyre reinforcement technologies.
Keen to reinforce its own position as an innovator, in 2014 Kordsa Global entered into a partnership with Sabancı University to create the Composite Technologies Centre of Excellence.…
JAPAN TEXTILE INVESTMENT INTO VIETNAM MAYBE SLOWED BY TRUMP AXING TPP, BUT IT WILL CONTINUE
While the Trans-Pacific Partnership (TPP) had made the future of textile manufacturing in Vietnam look rosy in much of 2016, Japanese businesses eyeing investments in this south-east Asian emerging market do not seem to fear the trade deal’s likely demise under United States President-elect Donald Trump.…
TRUMPS PROMISE TO AXE TPP ON DAY ONE OF HIS PRESIDENCY PROMPTS WIDESPREAD NERVOUSNESS
THE PROMISE from US President-elect Donald Trump to withdraw the USA from the Trans-Pacific Partnership (TPP) trade agreement on his first day of office has prompted widespread nervousness in auto-sectors around the world.
His rejection of the deal could scupper an agreement negotiated over five years by the United States; Australia; Brunei; Canada; Chile; Japan; Malaysia; Mexico; New Zealand; Peru; Singapore and Vietnam.…
RENAULT APPLIES FOR RIGHT TO BUILD CARS IN PAKISTAN SAYS GOVERNMENT
LEADING French automaker Renault could soon start producing vehicles in Pakistan, the chairman of the south Asian country’s Board of Investment (BOI) has predicted to wardsauto. Miftah Ismail said that the manufacturer had submitted an application to the government of Pakistan seeking permission to produce cars locally, initially in a joint venture with Ghandhara Nissan, which is Renault’s global partner.…