The Ministry of Industries (MoI) should place a budgetary proposal for the fiscal year (FY) 2023-24 to help the country's tanneries to be eligible for the Leather Working Group (LWG) certification, said lead researcher of a study on cost-benefit analysis of getting the LWG certification on Wednesday. [MoI should place budgetary bid to help tanneries - thefinancialexpress.com.bd]
Sri Lanka's exports of leather products and footwear were worth $49.8 million in 2022, leatherbiz informs. According to the Sri Lanka Export Development Board (EDB), there are seven tanneries operating in the country and the footwear industry directly employs about 20,000 people and indirectly includes 10 large exporting companies, 30 medium-sized companies and about 3000 small producers. It is able to produce up to 15 million pairs of leather shoes per year.
According to a Comprehensive Research Report by Market Research Future (MRFR), “Automotive Interior Material Market Research Report: Information By Type, By Vehicle Type - Forecast till 2030”, The global automotive interior material market will touch USD 149.6 billion at a 4.50% CAGR by 2030.
For their non -stick properties, stain -resistant and waterproofing, PFAS perfluoroalchilics are used very much in the finishing of textile and tanning products. Researchers of the ACS Environmental Science & Technology Letters destroy PFAS found in soils by grinding them with metal balls and boron nitride, thanks to a new type additive for “ball milling” that completely breaks down PFAS at ambient temperature and pressure. [Abschied "für immer" - Zerstörung von PFAS durch Zerkleinerung mit einem neuen Zusatzstoff – Chemie.de]
Fulvia Bacchi, CEO of Lineapelle: "'Made in Italy' is now a real brand, something that combines quality and responsibility in production". So much so that other international segments of the sector are also present at the event attracted by the international charm of the brand. Brazilian Leather and ApexBrasil believe Brazil's presence at Lineapelle NY has fostered connections with international buyers and will generate $20 million in Brazilian exports over the next year.
Pakistan Stock Exchange (PSX) remained under severe pressure during the week, due to heavy selling on investor concerns over prevailing economic and political situation in the country, while power outages affect millions of people (Reuters). Least favorite sectors were Cement (down 8.7%), Leather and Tanneries (down 7.9%) and Electrical Goods (down 7.4%). [PSX remains under severe pressure- Business Recorder]
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