Furniture | Page 14 of 19

18DecDecember 18, 2024

Japan’s Sanyo Chemical announces development of NEOPROVER HBF-101

Sanyo Chemical Industries has developed NEOPROVER HBF-101, a cold flow improver enhancing biodiesel's low-temperature performance. By reducing the Cold Filter Plugging Point (CFPP), it ensures smooth operation, prevents engine issues, and supports diverse feedstocks like soybean and used cooking oils. This innovation boosts biodiesel adoption in cold climates, aiding sustainability. Sanyo Chemical Industries has developed NEOPROVER HBF-101, a cold flow improver enhancing biodiesel's low-temperature performance. By reducing the Cold Filter Plugging Point (CFPP), it ensures smooth operation, prevents engine issues, and supports diverse feedstocks...

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18DecDecember 18, 2024

Australia’s Dec Westpac-MI consumer sentiment index falls 2% to 92.8

Westpac-Melbourne Institute consumer sentiment index for Australia fell by 2 per cent to 92.8 in December from 94.6 in November. Assessments of current conditions continue to post solid improvements. But consumers have turned pessimistic again on economic outlook. Renewed concerns about the outlook have taken some of the gloss off consumer confidence around jobs. Westpac-Melbourne Institute consumer sentiment index for Australia fell by 2 per cent to 92.8 in December from 94.6 in November. Assessments of current conditions continue to post solid improvements. But consumers have...

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18DecDecember 18, 2024

Hourly labour costs up 4.6% YoY in euro area, 5.1% in EU in Q3 2024

The hourly labour costs in the euro area rose by 4.6 per cent year on year (YoY) in the euro area and by 5.1 per cent in the EU in Q3 2024. The job vacancy rate was 2.5 per cent in the euro area in Q3 2024, down from 2.6 per cent in Q2 2024 and from 3 per cent in Q3 2023. The same in the EU was 2.3 per cent in the quarter, down from 2.4 per cent in Q2...

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18DecDecember 18, 2024

UK employment rate 74.9%, unemployment rate 4.3% in Aug-Oct 2024

Estimates for payrolled employees in the UK rose by 0.1 per cent month on month and 0.5 per cent YoY in October. The number of payrolled employees fell by 0.1 per cent quarter on quarter, but rose by 0.5 per cent YoY in the August-October quarter. The employment rate for people aged 16 to 64 was estimated at 74.9 per cent in the quarter, while the unemployment rate was estimated at 4.3 per cent. Estimates for payrolled employees in the UK rose by...

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18DecDecember 18, 2024

ICE cotton touches one month low as Brazilian sales rise

ICE cotton futures hit a one-month low as Brazilian farmers increased sales, driven by a weaker real and a rising dollar index, making exports more profitable. March 2025 contract settled at 68.69 cents/lb, later dipping to 68.53 cents/lb. Falling crude oil prices boosted polyester competitiveness, adding pressure. Weak demand and economic uncertainty keep cotton’s outlook bearish. ICE cotton futures hit a one-month low as Brazilian farmers increased sales, driven by a weaker real and a rising dollar index, making exports more profitable. March 2025 contract...

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18DecDecember 18, 2024

World merchandise trade continues to expand in Q3 2024: WTO

Seasonally-adjusted world merchandise trade volume rose by 1.1 per cent quarter on quarter and by 3.3 per cent YoY in Q3 2024, marking the fourth consecutive quarter of moderate trade expansion, WTO said. For the year to September, this was up by 2.4 per cent YoY. Slower trade growth in value terms than in volume terms shows a slight drop in prices of traded goods during the first three quarters. Seasonally-adjusted world merchandise trade volume rose by 1.1 per cent quarter on quarter...

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18DecDecember 18, 2024

US economic improvement to continue in 2025: ISM survey

The December 2024 ISM supply chain planning forecast expects US manufacturing growth to continue in 2025, with revenue projected to rise by 4.2 per cent and capital expenditures to rise by 5.2 per cent. The sector’s employment is likely to grow by 0.8 per cent. Raw material prices are projected to rise by 3 per cent during the first five months next year, with an overall 3-per cent rise for 2025. The December 2024 ISM supply chain planning forecast expects US manufacturing growth...

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18DecDecember 18, 2024

IFC invests $50 mn to boost sustainable textile production in Turkiye

IFC has announced a $50 million investment in a home textiles manufacturer to enhance sustainable production in Turkiye, including new polyester chip and textile recycling facilities, and solar energy systems. The project aims to create 700 jobs, boost exports, and advance gender inclusion policies. Turkiye, IFC's third-largest exposure, has seen over $20 billion in IFC investments in the past decade. IFC has announced a $50 million investment in a home textiles manufacturer to enhance sustainable production in Turkiye, including new polyester chip and...

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18DecDecember 18, 2024

US’ Gevo & LG Chem extend agreement to advance Gevo’s ETO technology

Gevo and LG Chem have extended their joint development agreement to advance Gevo's Ethanol-to-Olefins (ETO) technology. The partnership focuses on producing renewable chemicals and accelerating commercialisation. Carbon-neutral bio-propylene, a key product, offers a sustainable alternative to fossil-based materials, supporting bioplastics and low-carbon markets. Gevo and LG Chem have extended their joint development agreement to advance Gevo's Ethanol-to-Olefins (ETO) technology. The partnership focuses on producing renewable chemicals and accelerating commercialisation. Carbon-neutral bio-propylene, a key product, offers a sustainable alternative to fossil-based materials, supporting bioplastics and low-carbon...

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18DecDecember 18, 2024

UK’s clothing exports down 6% to $308 mn in October 2024

In October 2024, the UK's clothing exports fell by 6.09 per cent year-on-year to £308 million (~$389.16 million), despite a monthly rise from £249 million. Textile fabric exports grew by 3.82 per cent to £244 million. Annual clothing exports for 2023 decreased to £3.772 billion from £3.931 billion in 2022. Textile fabric and fibre exports also saw varied changes in the same period. In October 2024, the UK's clothing exports fell by 6.09 per cent year-on-year to £308 million (~$389.16 million), despite a monthly...

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