IGM Resins has received €25m in unitranche loan from H.I.G. WhiteHorse, a credit affiliate of global investment firm H.I.G. Capital. The funds were used to refinance an equity capital bridge facility invested to fund a strategic ...
Tags: IGM Resins, food packaging, wood coatings
The 9th day of the 9th lunar month is the traditional Chongyang Festival, or Double Ninth Festival. It usually falls in October in the Gregorian calendar. In an ancient and mysterious book Yi Jing, or The Book of Changes, number "6" was ...
Cosmo Films, a speciality manufacturer of BOPP Films, unveiled its range of barrier films at the recently concluded 4th Speciality Flexible Packaging Conference held in Mumbai, India. Mr Pankaj Poddar, CEO of the company also made a ...
Multi brand online retailer Bluestem Group completed acquisition of Orchard Brands Corporation, also an online retailer of multi-brand family of 13 catalogue and ecommerce brands. The deal, according to a Bluestem Group press release, has ...
Tags: apparel, Orchard, Bluestem Group, private label
China's new yuan-denominated lending reached 6.56 trillion yuan (1.07 trillion U.S. dollars) in the first half of this year, the central bank said Tuesday. The volume was 537.1 billion yuan more than that in the same period of last year, ...
The campaign for safety in the Bangladeshi readymade garment sector has received a boost with the International Finance Corporation (IFC), a member of the World Bank Group, announcing a wide-ranging safety programme by providing $50 million ...
Tags: fshionable garment, IFC, garment
The People's Bank of China (PBOC), China's central bank, extended a 6-month medium-term lending facility (MLF) worth 250 billion yuan (over 40 billion U.S. dollars) at an interest rate of 3.35 percent to 11 banks on Friday. The extension ...
Tags: People's Bank of China, central bank, medium-term lending facility
German automotive giant BMW Group has launched initiatives to reposition its premium compact class Mini by pursuing strategies that involve focusing on five models and built-in car-sharing provision. Attending the launch of new Mini ...
China's central bank cut both the requirement reserve ratio (RRR), the amount of reserves banks required to hold, and benchmark interest rates on Saturday. The credit-easing move, to be effective on Sunday, aims to "support the real ...
Tags: Reserve Ratio, Interest Rates
Small and medium enterprises (SMEs) in Nigeria, including textile and clothing firms, face several challenges—access to finance, rickety infrastructure, patchy energy supplies and security concerns, says a recent Economist ...
Chinese imports and exports shrank again in May, the latest sign of sputtering growth in the world's second biggest economy that adds to pressure on Beijing to avoid a sharp slump. Customs data released Monday showed that exports ...
Tags: China Economy, China Trade
Apparel Export Promotion Council chairman Virender Uppal has said there has been a vacuum in a policy support in the readymade garment (RMG) manufacturing export industry, according to a statement by AEPC. Uppal has requested the ...
Tags: Apparel Export, Apparel
China is set to boost local debt swap by admitting municipal bonds as collateral for borrowing. Under the new rule, banks can pledge municipal bonds as collaterals in the central bank's repurchase agreement operations and other liquidity ...
The diamond market is slowly becoming more disciplined. It needs to. With high rough prices, declining polished, less available credit and lower retail inventory levels, it has become increasingly difficult for diamantaires to turn a ...
Tags: diamond market, diamond industry
The number of commercial vehicles (CV) with telematics solutions is estimated to reach 37.9 million by 2020, compared to 14.7 million last year, according to a report by Frost & Sullivan. Commercial vehicle (CV) telematics market will ...