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TRADE WAR OR NOT, CHINA SEEKING ALTERNATIVES TO US SOYBEANS
The US and China at the G20 meeting in early December settled for a 90-day suspension of their bilateral trade war including a halt to any additional tariffs, but sourcing patterns are not going to become business-as-usual any time soon for China’s soybean sector.…
NEW INDIAN MEDICAL STOCKINGS MAKER PROSPERS FROM COMBINING QUALITY WITH LOWER COSTS
INDIA’S knitted medical stockings maker Ista Healthcare has been in business for only three years but has already been exporting products, has created backward integration and is now seeking venture capital for future expansion.
“Our product has been created right from scratch and is now accepted worldwide,” said Kumaraguru Muthuswamy, chief executive of Ista Healthcare LLP, based in the southern Indian city of Coimbatore, in Tamil Nadu state.…
EU RELEASES REGULATION DEMANDING EXTRA DATA ON NANOPARTICLES IN MINERAL-BASED CHEMICALS
MANUFACTURERS and users of chemicals made from minerals, and chemical mineral processing agents within the European Union (EU), will from January 2020 have to check whether the chemicals they use contain nanoparticles. If they do, they will have to assess their safety and report the results to the European Chemicals Agency (ECHA).…
ATHLETIC APPAREL INDUSTRY MEETS TO DISCUSS CHALLENGES, OPPORTUNITIES OF THE FUTURE
With manufacturing technology advancing at an ever-faster pace, sports apparel companies need to constantly look for ways to embrace new techniques to compete in a constantly changing landscape, an international industry meeting has been told.
Sustainability, blockchain and Industry 4.0 are three of the most important trends being considered by brands and their suppliers, and they were focal points at the sixth World Manufacturers Forum (WMF), organised by the World Federation of the Sporting Goods Industry (WFSGI) in Ho Chi Minh City, Vietnam from December 11-12.…
CHINESE PERSONAL CARE PRODUCT MARKET MATURES AS ONLINE SALES BOOM
It is hard to avoid either a cosmetics store or an advertisement for one in Chinese cities today. A mind-boggling wave of new retailers set up by investment firms to cash in on the cosmetics and personal care boom are eagerly seeking franchisees around the country.…
EU RELEASES REGULATION DEMANDING EXTRA DATA ON NANOPARTICLES IN FINISHING CHEMICALS
EUROPEAN Union (EU) textile finishers and their suppliers will from January 2020 have to check whether the chemicals they use contain nanoparticles, and if they do, assess their safety and report the results to the European Chemicals Agency (ECHA). This follows the release of a new EU regulation on nanoforms amending EU chemical control system REACH which will apply to all current REACH registered chemicals and any subject to new registration applications.…
VOLVO RUSSIA CFO STRESSES NEED FOR EMPATHY AND FLEXIBILITY TO SUCCEED IN BUSINESS
There are two displays in the Moscow office of the CFO of Volvo Car Russia, Vladimir Lagutin, that catches the attention, immediately: a large elegantly-framed poster of UK electronic music band Depeche Mode and a case of tennis balls.
“Those things – music and tennis – keep me from being stressed,” says Lagutin.…
AMERICAN MEAT INDUSTRY ASSOCIATIONS WELCOME FARM BILL PASSAGE
The approval last week by the outgoing ‘lame duck’ Congress of the United States of an USD867 billion 2019 Farm Bill, which allocates subsidies to American farmers, has greeted with relief and enthusiasm by US meat and livestock producers.
With President Donald Trump expected to sign the bill into law this week, the certainty injected into the industry through this five-year spending plan is cheering farmers, including meat producers, who have seen steep declines in prices and revenues as a result of the US trade dispute with China.…
VIETNAM PUSHES FORWARD WITH NEW AML LAW AND ASSOCIATED IMPLEMENTATION GUIDANCE
FINANCIAL institutions and other anti-money laundering reporting sectors within Vietnam have had to grapple, since January 1, with a revised Penal Code, which has changed how money laundering is defined in criminal law.
In its 2018, International Narcotics Control Strategy Report (INCSR), the USA State Department notes that this “revises the money laundering offence and adds criminal liability for legal persons involved in money laundering.”…
IRAN GIRDS ITSELF AGAINST RENEWED USA SANCTIONS, PLOTS EVASION
With the USA re-imposing sanctions on Iran, and international financial institutions wary of dealing with the country, Tehran is dusting off its pre-2015 sanctions-busting playbook. Old networks are being renewed, including with neighbouring countries and China, but there are more obstacles for the Iranian government to contend with this time around.…