Over 100 million Chinese travel abroad every year, buying more luxury goods than any other nation. Shopping for the perfumes and designer clothes that can cost them twice as much at home is a major travel incentive. However, China’s ...
Tags: luxury goods, perfumes, designer clothes
China's surprise devaluation of the yuan on Tuesday, when the country's central bank set the official value of the renminbi about 2% weaker against the dollar, has not hit the petrochemicals complex in a significant way, industry ...
Tags: polymer, carbide PVC
China's central bank has devalued the yuan by almost 2 per cent - its lowest rate against the US dollar in almost three years. The People's Bank of China (POBC) said the decision to devalue the yuan by 1.9 per cent was a "one-off ...
Tags: China Yuan, US dollar
Net income at US based value-added and recycled fibres producer Unifi, Inc climbed 46.52 per cent year over year for fiscal ended June 28, 2015. A Unifi press release informed that net income for fiscal 2015 totaled to $42.2 million or ...
Tags: textile manufacture, fibres
The Netherlands has promised joint efforts with Bangladesh to ensure Bangladeshi apparel exporters get a fair price for their products in the international market, the Bangladeshi media has reported. Netherlands foreign trade and ...
Tags: B'deshi Apparels, Apparel
Driven by Printwear and Branded Apparel sales, consolidated net sales at clothing retailer Gildan Activewear soared 15.9 per cent year over year in the first fiscal quarter ended April 5, 2015. Consolidated net sales in the first ...
Tags: Gildan Activewear, Printwear, underwear
The Sherwin-Williams Company announced its financial results for the first quarter ended March 31, 2015. Compared to the same period in 2014, consolidated net sales increased $83.7 million, or 3.5%, to $2.45 billion in the quarter due ...
As PSS (patterned sapphire substrate) makers have been expanding production capacities, PSS supply has significantly increased and therefore Taiwan-based LED epitaxial wafer and chip makers have asked PSS makers to lower quotes for a 4-inch ...
PV modules produced by 22 China-based makers have been seized by customs authorities at several seaports in Europe in investigations of alleged violation of floor import pricing and annual import quota agreed between the EU and China, ...
Tags: PV Module, Solar Energy
For the fourth fiscal quarter ended January 4, 2015, Gildan Activewear said it slipped in to losses, when compared with fourth fiscal quarter of previous year. Gildan reported a net loss of US$41.2 million or US$0.34 per diluted share for ...
Tags: Gildan Activewear, Apparel
China's central bank seems to have moved to stabilize the yuan despite mounting market sentiment that the currency has been toward the upper limit of its daily trading band for the past week. The reference rate the People's Bank of China ...
Hiwin Technologies Corp., a major Taiwan-based manufacturer of linear guide ways and ball screws, reported revenue of NT$15.08 billion (US$471.25 million) throughout 2014, rising 21.3% from 2013's NT$12.44 billion (US$388.81 million) to ...
Improved global operations and a lower effective tax rate drove net income growth by 46.87 per cent year on year at value added yarns producer, Unifi Inc in the second quarter ended December 28, 2014. Unifi said its net income for the ...
Tags: tax rate, net income, Textile
Red meat prices already on the rise as farmers restock and Japanese agreement comes in The Australian red meat industry has seen cattle and sheep prices soar, as it welcomes the news that the Japan-Australia Economic Partnership Agreement ...
Tags: Red meat prices, Agriculture
Taiwan's 2015 machinery exports to see rough going. In Jan.-Nov.2014, Taiwan shipped US$19 billion of machinery, up only 6.4% year on year, with the island's machine-tool industry having exported US$3.43 billion of equipment, growing at ...
Tags: machine-tool industry, high-performance machines, Manufacturing