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16Dec

US’ Vince Holding’s gross profit at 50% of net sales in Q3 FY24

Vince Holding Corp has reported net sales of $80.2 million in Q3 FY24, down 4.7 per cent YoY, with gross profit improving to 50.0 per cent of net sales. SG&A expenses were $34.3 million, and income from operations rose to $5.8 million. Nine-month sales were $213.5 million, with net income of $9.3 million. FY24 sales are expected to decline slightly. ​Vince Holding Corp has reported net sales of $80.2 million in Q3 FY24, down 4.7 per cent YoY, with gross profit improving to 50.0...

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16Dec

Standard Chartered expects strong 6.7% GDP growth in Vietnam in 2025

Standard Chartered expects strong GDP growth of 6.7 per cent next year in Vietnam, with growth easing from 7.5 per cent YoY in the first half (H1) of 2025 to 6.1 per cent in H2. Persistent inflation and structural factors, such as productivity, will influence foreign exchange market dynamics, with rate differentials remaining a key driver. The US dollar is expected to strengthen in H2 2025. ​Standard Chartered expects strong GDP growth of 6.7 per cent next year in Vietnam, with growth easing...

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16Dec

Drewry WCI slightly eases after sharp rise, stability expected

Drewry WCI has marginally decreased to $3,529 per 40-FEU as of December 12, reflecting a slight dip from the previous week's figure of $3,533. Freight rates have shown varied changes—increases on routes from New York to Rotterdam and Shanghai to Rotterdam and decreases on the Shanghai to Los Angeles route. Stability in rates is expected in the upcoming week. ​Drewry WCI has marginally decreased to $3,529 per 40-FEU as of December 12, reflecting a slight dip from the previous week's figure of $3,533. Freight...

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16Dec

China’s FDI inflow rises 6% in Nov despite annual decline

FDI into China in actual use rose by 6 per cent YoY in November, the ministry of commerce said. From January to November, the actual FDI use stood at $104 billion—down by 27.9 per cent YoY. In the first 11 months this year, 52,379 new foreign-invested enterprises were set up across China, representing a YoY growth of 8.9 per cent. Investment from some developed economies has continued to grow. ​FDI into China in actual use rose by 6 per cent YoY in November, the...

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16Dec

UK’s Polar Technology installs new filament winding machine

Polar Technology has installed a new dual-mode, 3-spindle, 9-tow filament winding machine to enhance high-volume production capabilities. The machine will support a range of components, from electric motor rotors to hydrogen storage tanks. This investment boosts the company’s ability to meet growing customer demand and expand capabilities. ​Polar Technology has installed a new dual-mode, 3-spindle, 9-tow filament winding machine to enhance high-volume production capabilities. The machine will support a range of components, from electric motor rotors to hydrogen storage tanks. This investment boosts the company’s...

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16Dec

Feedstock glut strains margins across downstream value chain

The global ethylene market faces a 10 to 15 per cent oversupply, largely from Asia, pressuring margins and reducing utilisation rates, while European demand falls. The polyethylene sector projects a 30 million ton surplus, with increased exports from the US and Asia. Meanwhile, the methanol market grows with new capacity from Malaysia and higher production in North America. ​The global ethylene market faces a 10 to 15 per cent oversupply, largely from Asia, pressuring margins and reducing utilisation rates, while European demand falls. The...

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16Dec

Energy price volatility fuels degrowth in European chemical industry

European chemical industry faces continued degrowth due to energy price volatility and declining consumer demand, contrasting with a 1.3 per cent year-on-year increase in US chemical production in November. Global chemical freight rates saw a 15 per cent increase. Meanwhile, Nylon-66 production surged by 4 per cent due to robust automotive demand in China and the US. ​European chemical industry faces continued degrowth due to energy price volatility and declining consumer demand, contrasting with a 1.3 per cent year-on-year increase in US chemical...

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16Dec

Recycled polymers & circular economy: China & US lead the way

Europe is fragmented with only 65 per cent recycling compliance in some areas. Asia, particularly China, is boosting investments in recycling facilities to achieve a 25 per cent recycled polymer target by 2030. Meanwhile, the US, with less strict regulations, sees growing demand for recycled content, with a 5 per cent increase in recycled polymer production in Q3 2024, mainly in packaging. ​Europe is fragmented with only 65 per cent recycling compliance in some areas. Asia, particularly China, is boosting investments in recycling facilities...

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27Aug

Creative water features and exterior

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