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Pecca reports improved Q1 performance

The Malaysian automotive leather seats specialist has recorded a revenue of RM27.14 million (US$6.47 million) and profit before taxation of RM4.42 million (US$1.04 million) in the first quarter of fiscal 2019, ending September 30, 2018.

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U.S hides and leather still on China tariff target list

The U.S. Hide, Skin and Leather Association (USHSLA) says that beginning on August 23, the U.S. will impose additional 25% tariffs on approximately $16 billion worth of Chinese imports as previously announced. China may impose tariffs on U.S. hide and leather imports, among a range of items, in retaliation. 

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Puma’s sales increase in first quarter

The international sportswear manufacturer’s preliminary results for the first quarter of 2018 show that consolidated sales increased currency adjusted by approximately +21% (+12% reported) to €1,131 million against €1,005 million a year earlier.

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