New News information at Leather International New and updated information from News listed on www.leathermag.com http://www.leathermag.com/ en-us http://www.leathermag.com/ New News information at Leather International http://www.leathermag.com/content/images/logo_big.gif Kenyan Leather Factory to Open for Operations http://www.leathermag.com/news/newskenyan-leather-factory-to-open-for-operations-8923028 http://www.leathermag.com/news/newskenyan-leather-factory-to-open-for-operations-8923028 by <br/> <br/> The plan to commence large scale production of leather products by Nairobi’s City Hall has moved a step closer after the county government handed over the Kariokor Leather factory for equipping. The manufacturing facility will now be equipped by the Kenya Leather Development Council (KLDC) through the installation of state-of-the-art machines. Nairobi County trade executive Winfred Gathagu said the upgrade will enable the factory to produce local products for sale in the city and across the country. Fri, 23 Jul 2021 10:16:00 GMT L Catterton to Aquire Etro http://www.leathermag.com/news/newsl-catterton-to-aquire-etro-8910379 http://www.leathermag.com/news/newsl-catterton-to-aquire-etro-8910379 by <br/> <br/> L Catterton, a private equity firm with backing from French luxury giant LVMH, has agreed to buy a 60% stake in Italian fashion company Etro, according to sources. Tue, 20 Jul 2021 09:43:00 GMT Bangladesh’s Balikandi Leather Hub Going Under http://www.leathermag.com/news/newsbangladeshs-balikandi-leather-hub-going-under-8910369 http://www.leathermag.com/news/newsbangladeshs-balikandi-leather-hub-going-under-8910369 by <br/> <br/> Balikandi of Moulvibazar sadar upazila has a long been Bangladesh’s Sylhet region’s hub for leather trade. One only needs to go back a couple of years to see hundreds of people making a living out from it. But a downturn in business over the last couple of years has driven nearly all the traders out of business. With the rising number of Covid-19 infections, most are sceptical over whether buying sacrificial animal skins would be a wise decision during the upcoming Eid-ul-Azha. Tue, 20 Jul 2021 09:43:00 GMT Zegna to go Public http://www.leathermag.com/news/newszegna-to-go-public-8910391 http://www.leathermag.com/news/newszegna-to-go-public-8910391 by <br/> <br/> On Monday, Zegna, a company founded in the foothills of Northern Italy and now a global luxury fashion house that owns the Thom Browne brand, took a major step onto the public stock markets — through one of the biggest trends on Wall Street in recent years. Tue, 20 Jul 2021 09:43:00 GMT Savar Tannery Incompletion Hits Production http://www.leathermag.com/news/newssavar-tannery-incompletion-hits-production-8907168 http://www.leathermag.com/news/newssavar-tannery-incompletion-hits-production-8907168 by <br/> <br/> Although nearly four years and three months have already passed since the deadline for the relocation of tanneries from Hazaribagh to Savar, many important works of the project like Central Effluent Treatment Plant (CETP) and solid waste management have not yet been completed or handed over. The delay is hampering production and export. The situation is a growing concern among tannery owners in Savar ahead of Eid-ul-Azha, the second largest Muslim festival, as around 50% of the total rawhides collected throughout the year come during the Eid period. Mon, 19 Jul 2021 09:43:00 GMT Bangladesh Government Approves 10m Feet Rawhide http://www.leathermag.com/news/newsbangladesh-government-approves-10m-feet-rawhide-8888473 http://www.leathermag.com/news/newsbangladesh-government-approves-10m-feet-rawhide-8888473 by <br/> <br/> The government has allowed five companies to export ten million square feet of wet blue hide for the first time in the country’s history. According to the government order, the approved quantity of wet blue hides would be exported to the European Union, Russia, Ukraine, China, Hong Kong, Korea, Vietnam and Japan by June 30, 2022. Tue, 13 Jul 2021 06:02:00 GMT China’s Yantian Port Sees Covid Setback http://www.leathermag.com/news/newschinas-yantian-port-sees-covid-setback-8888456 http://www.leathermag.com/news/newschinas-yantian-port-sees-covid-setback-8888456 by <br/> <br/> The recent outbreak of COVID-19 in South China’s Yantian Port is causing yet another backlog in global supply chains. Tue, 13 Jul 2021 05:59:00 GMT Yandex Pulls Out of KupiVIP Deal http://www.leathermag.com/news/newsyandex-pulls-out-of-kupivip-deal-8888441 http://www.leathermag.com/news/newsyandex-pulls-out-of-kupivip-deal-8888441 by <br/> <br/> Last week Russian tech giant Yandex announced it was pulling out of a deal to buy online fashion retailer KupiVIP, but is considering alternative outlets in the fashion sector. Yandex said in May it had agreed to buy the online retailer on undisclosed terms to enhance its Yandex.Market offering. Tue, 13 Jul 2021 05:57:00 GMT Huge Potential in Nigerian Leather Industry http://www.leathermag.com/news/newshuge-potential-in-nigerian-leather-industry-8879382 http://www.leathermag.com/news/newshuge-potential-in-nigerian-leather-industry-8879382 by <br/> <br/> Nigeria’s vice president, Yemi Osinbajo says that Nigeria’s leather industry has the potential to generate over 1 billion USD by 2025. Osinbajo disclosed this at the formal inauguration and sensitisation workshop on the National Leather and Leather Products Policy Implementation Plan on Tuesday in Abuja. The vice president said the leather value chain had created wealth and appreciable job opportunities in Nigeria. Thu, 08 Jul 2021 10:20:00 GMT Pakistan Leather Industry Push for 24/7 Gas Supply http://www.leathermag.com/news/newspakistan-leather-industry-push-for-247-gas-supply-8869080 http://www.leathermag.com/news/newspakistan-leather-industry-push-for-247-gas-supply-8869080 by <br/> <br/> Chairman of the Pakistan Tanners Association, Abdul Salam has urged the federal minister for gas and petroleum to ensure the supply of gas to the leather industry located at Korangi industrial area is on 24/7. A non-stop supply would ensure the industry will be able to continue processing raw hides and skins in time, against the commitments to secure important foreign exchange for the country. Mon, 05 Jul 2021 11:00:00 GMT