All articles by Amit Thadani
Amit Thadani
Assomac presents its new logo, updates its web portal, and achieves the European Collective Mark
A new style and communication approach for the association which represents the Italian manufacturers of technology for footwear, leathergoods and tanning, in order to be open to changes in the international sectors of the Fashion industry.
View from the US
With packers well sold and limited volumes available for the most popular steer selections, the US hide market was higher in price through mid-July. The bulk of the price increases was driven by demand that was concentrated on hides used by footwear tanners, but it also spread to encompass some other selections.
View from the US
The end of August saw the tables completely turn in the US hide market. Since the dramatic increases back in March, prices have crept even higher. After a period of stability, the final month of summer ushered in a downward trend.
Italian Firms Consider Pakistan Industry Investments
According to Pakistan’s ambassador to Italy, the country’s companies are keen to pour investment into various sectors of Pakistan and the investment will further strengthen economic ties between the two countries. Speaking to the media, the ambassador said that at present Italian firms had investment in various sectors including leather, textiles, food, steel, tourism, information technology and automobile. He lauded the role of Italian government, embassy and private sector in providing technical assistance and making technology transfer to Pakistan, particularly in the export-oriented leather and textile sectors.
Indian Goverment Plans to Extend Leather Incentive Scheme
India’s government is likely to extend its incentive scheme for the leather and footwear industries, IFLADP, until 2025-26 with an outlay of ₹1,700 crore. They plan to further boost manufacturing, exports and job creation, an official said.
Bentley Joins Leather Working Group
British luxury car manufacturer Bentley has become the first automotive brand to join the Leather Working Group (LWG). The move comes as part of its ambition to become the world’s most sustainable automotive brand. Bentley joins 190 other brands and retailers who have also become members in support of the group’s efforts to drive excellence in the environmental, social and governance aspects of the leather industry.
Rwanda to Get New Tannery Park in Bugesera
Rwanda’s Ministry of Trade and Industry has assured players in the leather value chain that plans for a modern tannery park in Bugesera District are in place. The aim is to reduce tanned hide and skin imports as well as to reduce the country’s trade deficit.
Pakistan Italy Trade Ties Flourish
Italy’s ambassador to Pakistan, Andreas Ferrarese, said the opportunities to enhance mutual trade and investment between the two countries is vast and mutually beneficial. Speaking to the business community in Islamabad on Wednesday, the envoy urged Pakistani businessmen and traders to make efforts to promote mutual trade and economic ties between the two nations.
Uzbekistan Increases Turkish Leather Imports
Turkey leather goods exports to Uzbekistan surged by 87.1% from January through to July 2021, compared to the same period of 2020, exceeding $4.82m, according to the Turkish Ministry of Trade.
Cambodia Approves Industry-wide Projects
Cambodia’s CDC has issued final registration certificates to Remstex Fashion, Top Form (Cambodia) Manufacturing, New Wide Apparel, General Enterprises Garment (Cambodia), Sortics Alliance, Hong Cen Max Leather Products, Cathaya (Cambodia) and CK Sports.