Value Chain - Manufacturers – Page 2
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News briefsWilson breaks ground on new ball factory in Ohio
Wilson has broken ground on an expansion of its Ada, Ohio, plant, which is scheduled to open next summer and will measure nearly 7,500 sqm, more than double the size of the current facility. At present, the factory produces between 500,000 and 600,000 handmade NFL footballs annually. The goal for ...
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News briefsPou Chen plans to lay off more workers in Vietnam
Taiwan-based Pou Chen, parent company of Yue Yuen and supplier to major Western sporting goods firms such as Nike, Adidas and Reebok, announced further layoffs of more than 5,700 workers at Pouyuen Vietnam Co. in Ho Chi Minh City between June 24 and July 8, according to state media reports. ...
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News briefsSporting goods sales in the U.S. grew 4.3% last year
U.S. wholesale sales of athletic footwear, apparel, sports and fitness equipment, and licensed products grew by 4.3 percent in 2022, totaling over $116 billion. This represents the second-largest percentage growth since 2010, although it also marks a pullback from the record performance of 15.8 percent in 2021. These figures were ...
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News briefsActivist platform calls on Nike to be more transparent about supply chain labor conditions
According to Reuters, London-based activist shareholder platform Tulipshare is calling on Nike to provide more transparency about working conditions in its supply chain and disclose whether the company’s policies actually meet its stated justice goals and human rights commitments. The group, which owns 276 Nike shares and wants to help ...
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News briefs
GRI initiates process for new reporting standard for textile sector
The Global Reporting Initiative (GRI) has announced a new sector to be added to its existing standards: Textiles and Apparel. The new GRI Textiles and Apparel Standard sets out to apply to any organization with a primary focus on textile and apparel production and manufacturing, but also brands, retailers, and ...
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News briefsPou Chen reportedly plans massive job cuts at Vietnam footwear factory
Citing two local officials familiar with the company’s plans, Reuters reports that Taiwan-based Pou Chen Corp, which makes athletic footwear for Nike, Adidas and others, plans to cut about 6,000 jobs at its Pouyuen Vietnam plant in Ho Chi Minh City due to weak demand. The plant is reportedly set ...
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News briefsEuropean industrial production is decreasing, but performs better than in 2021
Industrial production fell 2 percent in the euro area and 1.9 percent in the European Union (EU) in October 2022 compared with September 2022, according to estimates from Eurostat, the EU’s statistical office. Nevertheless, industrial production rose by 3.4 percent in the euro area and by 3.7 percent in the ...
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News briefsChina eases Covid restrictions
China announced a general relaxation of Covid-19 health rules, authorizing patients with mild symptoms and for asymptomatic cases to quarantine at home. Previously, such cases were sent to mass quarantine centers. The National Health Commission also indicated that negative PCR test results would no longer be needed for domestic travel ...
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News briefsOrthoLite Cirql names sales director in Ho Chi Minh City, Vietnam
Source: OrthoLite Juan Cutina U.S.-based insole specialist OrthoLite has introduced Juan Cutina as sales director for its recently launched OrthoLite Cirql division. Cirql – an EVA foam that is plastic-free, recyclable, biodegradable and industrially compostable – is a patented solution for footwear that helps brands and factories ...
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ArticleRossignol’s recyclable ski composition is now open source
The Rossignol Group is now sharing the construction and material composition plans for its new Rossignol Essential recyclable ski with all mountain sports industry players to initiate a collective movement. The French company says the goal is to actively contribute to the development of recycling channels in the main ski ...
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News briefsNew Balance will begin production in Argentina in 2023
New Balance has announced that it will begin to produce shoes in the Puerto Tirol industrial park in the province of Chaco, Argentina, from February 2023. New Balance’s manufacturing partner will be Chaco-based Punto Medio. The project is expected to create 250 new jobs.
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News briefsBKMEA and Stitch sign MoU to ensure gender sensitive workplace and fair price
With a new memorandum of understanding (MoU) signed by the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) and Stitch, the associations express their aim to ensure gender-sensitive workplace and fair prices from apparel and footwear buyers. Part of the new project is the implementation of the Fair Price App, a ...
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News briefs
Ski base manufacturer Isosport buys Romanian factory from Novo Tech
Eisenstadt, Austria-based plastics composites manufacturer Isosport has acquired Polish plastics specialist Novo Tech’s factory in Oradea, western Romania, for an undisclosed price, deal advisor Nestor Nestor Diculescu Kingston Petersen told Snow Industry News earlier this week. Isosport is the world leader in innovative plastic solutions for the ski, snowboard and ...
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News briefsGrowth stalls in production of Spanish sporting goods
According to the preliminary figures of the National Statistical Institute (INE), Palco23 reports, Spain’s industry production index (IPI) for sporting goods has dropped by 13 percent year-on-year for June. This marks the end of a nine-month streak of growth. A consecutive six of those months – December (70.1%), January (43.2%), ...
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News briefs
Bangladesh’s garment manufacturers ask IMF for support to achieve export target
According to an article on the Indian news website Daily Sun, the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has appealed to the International Monetary Fund (IMF) for support to achieve the country’s garment industry’s strategic vision of reaching $100 billion worth of garment exports by 2030. BGMEA president Faruque ...
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ArticleItaly’s sports economy contributes €24.5 billion to national GDP, a 1.9% increase
The contribution of the sports economy to Italy’s gross domestic product (GDP) is around €24.5 billion, namely 1.37 percent of the country’s total GDP, and a workforce of 420,000 people, according to a recent report by Istituto per il Credito Sportivo (ICS). The study titled Il PIL dello sport. La ...
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ArticleMcKinsey study on textile waste recycling sees economic potential, points out bottlenecks
In a new online study, consulting firm McKinsey looked at the current state of textile recycling in Europe – and sees the potential to achieve a significant amount of fiber-to-fiber recycling in Europe by 2030. There are several hurdles to overcome along the way, including textile collection, sorting and pre-processing, ...
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News briefsNew director of sales for Outlast USA and Canada
Source: Outlast Nick Lane Outlast Technologies GmbH, the German company specializing in thermal management technical materials, announced the addition of Nick Lane as its new director of sales for the U.S. and Canada, effective July 1. Lane has over 10 years of experience in technical textiles and ...
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News briefsFanatics signs college licensing agreement with Nike
Sports retail platform Fanatics is entering into a long-term partnership with Nike to produce fan gear for college sports. The partnership includes a collaboration with Fanatics’ college division, which already works with most Nike-sponsored colleges and universities. Beginning by mid-2024, Fanatics will produce nearly all Nike fan apparel for many ...
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News briefsPeloton exits own manufacturing, shifts to third-party provider
Peloton Interactive announced that it will discontinue all of its own manufacturing operations and expand its current relationship with leading Taiwanese manufacturer Rexon Industrial Corp, a Taiwanese manufacturer with over 50 years of experience. The move is the next step in Peloton’s strategy to cut costs, simplify its supply chain ...
