All articles by Vemula Pravalika
Vemula Pravalika
Xingye auto leather logs 23% Q1 gross profit margin
Xingye Technology says that Q1 consolidated income was 464 million yuan: the parent company realized 270 million yuan, Hongxing Auto Leather realized 110 million yuan, and Baotai Leather achieved more than 68 million yuan, according to a report in Straight Flush.
TFL at Freiberg Leather Days conference
TFL will present the topic “Bisphenols in Leather” at the Freiberg Leather Days, co-organized by VGCT and FILK from June 28th to 29th 2023. Dr. Jens Fennen, Global Head of Research & Development, will provide an insight into the regulatory situation of Bisphenols as well as an overview of new technical solutions for tanners to meet future legal requirements.
Texworld Evolution Paris
Texworld Paris is already sold out! From July 3 to 5, 2023, the Texworld Evolution Paris trade shows will welcome 1,350 exhibitors from over 20 countries to the Porte de Versailles Exhibition Center. Marking their 25 years anniversary, Apparel Sourcing, Avantex, Leatherworld, and Texworld Paris will focus for 3 days on the centerpiece of the global offer for fashion brands, from ready-to-wear to luxury.
TFL presentation at ALCA conference
At the annual convention of the American Leather Chemists Association taking place in Wisconsin from June 20th-23rd 2023, TFL is giving a presentation on “The way through the legislation maze to renewable leather”. Christopher Tysoe, Head of Product Management Wet-end Crusting, will give an insight on TFL solutions to help tanners to not only meet legislation requirements but go above and beyond.
TFL continues cooperation with Dow
TFL announced that it continues to be the exclusive distributor for resale of Dow’s long-standing brands for tanning and finishing in the leather market worldwide for another three years. The agreement for the Cooperation and Distribution in the Natural Leather Industry comprises the leather finishing brands of ROSILK™, HYDRHOLAC™, OPTI-MATT™, PRIMAL™ and ACRYSOL™, and the wet-end processes brands of LUBRITAN™ and LEUKOTAN™.
View from the US
The US hide market had cleared its oversupply of some selections since the start of February and looked to be on a stronger footing. By the end of March, however, the picture was not so rosy. Export sales were far from good, customers were generally reluctant to buy and with regard to wet-blue, supplies were still plentiful and prices low.
A new hybrid approach
In the debate over leather and alternative materials, the choice has always been presented as either/or. The two sectors may initially seem at loggerheads, but as Vera Dordick discovers, could the future of the leather market be a hybrid one?
WASDE raises 2023 beef production estimates
The U.S. Department of Agriculture adjusted its forecast for red meat and poultry production in 2024 to be 1 percent less than in 2023. Beef production is expected to be lower as is pork production, while poultry will be higher, according to the latest World Agricultural Supply and Demand Estimates (WASDE).
Higg rebrands as Worldly
Higg is rebranding as Worldly in an effort to relaunch itself to the fashion sector and expand its product range. The move comes after the Higg Index, one of the most-used sustainability assessment tools, suspended its consumer sector activities in 2022 after some called its claims into question.
Bangladesh’s leather, leather goods exports drop by 17.55
Between January and April of 2023, exports of leather and leather goods from Bangladesh decreased by 17.55 percent due to a decline in global demand for luxury goods brought on by inflation. Another reason given for the drop was a lack of environmental compliance.