Part.01
A Chinese leather company builds a factory in Bangladesh
Recently, it was reported that a Chinese leather company (Song Shin Leather) will set up a leather processing plant in the Kumira Export Processing Zone in Bangladesh.
The leather company will invest $6 million to produce 8 million square feet of finished cow and buffalo leather annually and provide 100 jobs in Bangladesh.
The agreement was signed between BEPZA and Song Shin Leather in the presence of Maj. Gen. Abu Kalam Muhammad Ziyaul Rahman, Executive Chairman of the Bangladesh Export Processing Zone Authority (BEPZA).
Part.02
The leather industry is struggling everywhere
According to the latest news, Chinese tanners are receiving a gradual decrease in orders for leather for interior decoration and prices are also on a downward trend, and in 2023, China's leather goods sales are on the rise, while leather garment sales are still declining.
According to reports, tanneries in Kano, Nigeria said that in 2024 they will continue to struggle and wait for government support, otherwise it will be difficult to make ends meet!
According to sources, the Greek hides and skins market is in poor condition, with very few orders from buyers, and the market is in trouble again!
Part.03
The sustainability of the leather industry has been enhanced
According to the recent International Leather Maker (ILM) Green Innovator Survey, the majority of those working in the leather industry believe that the leather industry has become more sustainable or more in line with the concept of "green" development over the past year.
In 2023, ILM launched the first Green Innovator Survey, asking companies involved in the leather industry about their sustainability issues.
In the first question of the survey, ILM asked respondents: "Do you think the tanning industry has become more environmentally friendly (more sustainable or environmentally conscious) in the past year?"
This question sheds light on some of the difficulties behind assessing sustainability in the tanning industry and addressing sustainability improvements. Whereas, sustainability is an umbrella term that covers a wide range of areas, including carbon footprint, social responsibility, environmental impact, and more.
However, particularly in terms of environmental impact, the leather industry has grown more than ever in the last few years, driven by a growing number of regulations and the efforts of industry organisations such as the Leather Working Group to help tanners meet the requirements of local and export markets.
The vast majority of respondents (84%) believe that the industry has seen an increase in sustainability or environmental awareness over the past year, with 4% saying the industry will not be sustainable and 12% saying there has been no significant change from before. Over the years, many large companies in the industry have been continuously optimizing and refining their processes and continuing to be committed to sustainable development, but the change is gradual and slow. New products need to be developed and produced to meet limits, emissions reductions need to be met, and policies need to be updated as expectations change. Sustainable development is an ever-changing goal, and there always seem to be new challenges, and practitioners in this industry have been committed to innovation and development, and are committed to making greater and more contributions to green and low-carbon environmental protection.