From potential bankruptcy to prospective buyout. GST Autoleather joined the Chapter 11 regime on last October 4, at the time that in Milan Lineapelle was opening its stands to exhibitors and visitors. “Along with our advisors we have carefully assessed all options – pointed out Dennis Hiller, CEO of the car interiors giant – and […]
Calf and goat skins turnover has been increasing, compared to last year’s same period, while in contrast medium-large bovine hides and sheep skins slow down; slightly the former, more remarkably the latter. Such are the early data about Italian tanning industry, with regard to July-September 2017, provided by Lineapelle in their Economic Report over the […]
Tanneries and fashion brands that make use of leather, as well as supply networks and stakeholders in the tanning industry are meant to participate. The “Due Diligence for Healthy Workplaces in the Tanning Industry” project, overseen by Cotance (the EU federation of tanning associations), along with IndustriALL-Europe, and based on EU Social Exchange, aims to […]
Tough times at Alcanena, Portugal, where some of the most important Portuguese tanning districts are located. The issue turns political, as a Member of Parliament is backing up the “Movimento pela Saùde de Alcanena”, the local committee that has been watching leather factories with regard, most of all, to their sewage disposal plants. Turmoil comes […]
Nigerian tanning industry is in ferment. Lawrence Chidi Anukam, general director of the National Agency for the application of guidelines and regulations, expressed his displeasure about the sustainability issue. In fact, in the district of Kano, which is considered a strategic industrial hub, leather treatment systems, implemented by tanning factories, are not sustainable from the […]
In the current era, full of contrasts and contrapositions, fashion trends are going to be oriented towards the pursuit of the essential, aiming to meet demand for “cleansing” and simplification. Lineapelle’s summer 2019 will be based on Empathy, as “nude”, hence basic leather will suitably open up to multiple nuances, which mirror the daily variety […]
Indian government is working on relevant investments in tanning and footwear industry. As reported by local media, India is about to implement a massive investment, over 300 million euros, formerly planned, a few months ago, by the Ministry of Trade and Industry. Such financial measures also include some tax benefits, in the same way as […]
Despite the disastrous moving of the leather cluster from Hazaribagh to Savar, Bangladesh enhances their endeavour, as they announce that they are going to build up two more tanning districts. Bangladeshi Prime Minister, Sheikh Hasina, declared that his government aims, thanks to the new manufacturing sites, at a five-fold increase of domestic leather export (whose […]
The earliest 35 stocks are due to be delivered in 2018. According to the partnership deal, sealed by both parties, Austrian Wollsdorf Leder tannery is going to supply materials for the interiors of 100 two-engined airplanes made by Diamond Aircraft. “Our major plant, located in Wollsdorf, will manufacture light leather for aircrafts – points out […]
The new plant will extend across an area of 5,000 square metres and will supply about 20% of the company’s energy demand. Vietnamese PrimeAsia tannery (whose manufacturing amounts to 5,5 million leather square metres) is about to invest in a new solar plant, in addition to the one currently working, as reported by Danish Arcon-Sunmark […]
Pietro Beccari (on the left in the picture), who is currently managing director at Fendi, has been appointed as chairman and chief executive officer of Christian Dior Couture, and he will take over after Sidney Toledano (on the right in the picture), formerly in charge since 1998. The turning point is historic. After nearly 20 […]
After a few manufacturing partnerships in the past, transfer of ownership has been achieved. Swiss Richemont, the luxury giant mostly up to watchmaking, jewelry and fashion accessories, has bought out 100% of Serapian, the historic Milanese leather goods company, into whose hands they had put, over the last years, the making of some product lines […]
One more leather buyout goes on in Italy. After Pasubio (the tannery based in the province of Vicenza) takeover by CVC English fund, another Venetian tannery has been recently bought out by foreign investors, namely Chinese. In fact, ISA TanTec Chinese group has become the majority shareholder of Scamosceria del Brenta, an Italian tannery headquartered […]
Revenues have increased by 12% on annual basis, thus going up to 144,5 million pounds (about 162,5 million euros), while profits currently amount to 8,79 million pounds (9,8 million euros): previously they were 7,75 million pounds. Such is the financial statement of Scottish Leather Group, a leatherwork company based in the UK, with regard to […]
Russian meat giant turns into a tanning industry player. Bryansk Meat Company, the operational arm of Miratorg livestock and farm group, headquartered in Moscow, started the building of their first tannery in mid-October. Their investment is by all means remarkable: in fact, Miratorg is about to invest 2,8 billion rubles, that is over 40 million […]
Less leather for footwear, more leather for car interiors and upholstery. While talking to Spanish media during Futurmoda fair, José Fernando Bello, president of CICB, commented about the latest trend of Brazilian leather export. It turns out that leather for footwear has been going down: according to figures provided by Leatherbiz, at present 20,1% of […]
Tanning industry in Uruguay is close to stop forever. Over the last 10 years Uruguayan tanneries lost 67% of their employees, while there are just 6 companies currently working. Such companies are facing tough times indeed: in 5 tanneries out of 6 manufacturing has been dropping. In addition to that, workers are not provided with […]
IT IS NOT A PARADOX. GST AUTOLEATHER IS UNDER CHAPTER 11, BUT THAT IS NOT A GENERAL ILLNESS SYMPTOM OF THE AUTOMOTIVE SECTOR AS A WHOLE, WHICH IS CONTINUING ITS POSITIVE PERIOD: THE PROBLEMS THE US-BASED (AND JAPANESE OWNED) GIANT IS HAVING, IS CAUSING FURTHER COMPLICATIONS THATS ARE DUE TO A LARGE NUMBER OF INDUSTRIAL AND FINANCIAL REASONS
The former mainly handles chemicals for tanning leather for upholstery and car interiors, whereas the latter focuses their manufacturing on footwear and luxury accessories. A few weeks after the closing of the agreement between BASF and Stahl, Dutch Smit & zoon has bought out Codyeco, an Italian company headquartered in Santa Croce upon Arno, controlled […]
“At this point customers are ready to purchase everything online, even large sized articles such as sofas and armchairs. Since I skip brochures, storage, marketing and production, I manage to deliver product types made in the USA with Italian leather”. Nidiki Kapur, formerly employed at Google, then in charge of the development department at Birchbox […]
