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Tempur Sealy enhancing manufacturing operations in Scott County

Tempur Sealy International, leader in design, manufacturing, and distribution of bedding products, is expanding manufacturing operations in Scott County to meet demand for. ....

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Japanese firms left UK for EU following Brexit referendum

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The number of
UK-based Japanese firms fell by 12 per cent from 1,084 in 2014 to 951 in 2019, with most of the drop occurring during the politically tumultuous period following the
Brexit referendum in June 2016. During fiscal 2018-19, the number of firms dropped by 4 per cent, according to Japanese ministry of foreign affairs (MoFA) data analysed by Rudlin Consulting.
Most of the impact was on the financial services and manufacturing sectors.
The UK drop is in contrast to a growing number of Japanese firms situating in the European Union (EU). Between 2014 and 2019, the number of such firms in the Netherlands grew by 67 per cent, according to the MoFA data. There were also increases in Germany, France and Italy of 11 per cent, 7 per cent and 53 per cent respectively during the same period. ....

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Global cotton consumption to grow 4.1% in 2021-22: USDA

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Pic: USDA/FAS
As the world economy recovers from the severe 2020 downturn, global cotton consumption is expected to grow by 4.1 per cent in 2021-22 season, substantially above the long-term average rate of 1.7 per cent, according to the
US department of agriculture (USDA). This will be the second consecutive year when world consumption will exceed production.
World cotton stocks are expected to reduce by 3.2 million bales, according to the initial world and US cotton outlook for the 2021-22 season released by USDA in February at the Agricultural Outlook Forum.
Meanwhile, world cotton production is expected to rise 4.7 per cent with the most significant year-over-year growth in Pakistan, Australia, Brazil, the United States, and West Africa, the Foreign Agricultural Service (FAS) of the USDA said in its March 2021 report Cotton: World Markets and Trade . ....

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Bangladesh pushes for green growth

Bangladesh will form two new sub-committees on recycling and green growth under the existing Sustainability and Green Growth Working Committee (SGGWC) to hold regular discussions. ....

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EURATEX welcomes initiative on due diligence; warns difficulties ahead

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Pic: Shutterstock
EURATEX, the voice of the European textile and apparel industry, has welcomed the general aim of the legislative report on due diligence adopted by the European Parliament on March 10. It has, however, pointed out that implementation is yet to be debated and it will penalise the European industry with unintended consequences and excessive burden on SMEs.
EURATEX has also warned about the impact of new legislation on an industry severely hit by COVD-19. The own-initiative legislation was voted in the European Parliament with 504 in favour, 79 against and 112 abstention.
EURATEX welcomes the broad consensus registered around several important points, such as harmonisation of legislation at European level instead of pursuing national approaches, and the principle of proportionality. However, the seriousness of unintended consequences especially in difficult economic tim ....

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