Business insights for the global leather community

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Main takeaways from Simac Tanning Tech

Simac Tanning Tech, the machinery and automation technology show for the tanning, leather goods and footwear machinery manufacturing sectors took place in Milan on September 20-22 alongside Lineapelle. Here are a three main takeaway trends for tannery machines.

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Apex Tannery FY22 results

Apex Tannery, located in Savar, has reported a profit increase for its FY2022 with the company announcing higher profits but lower overall sales by volume compared with the same period in 2021. 

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Metal-free tanning trend comes to Lineapelle

After a quiet start, visitor numbers picked up on the first day of Lineapelle with exhibiting tanners highlighting their Spring/Summer 2023 collections. The 99th edition of the trade fair is taking place at the Fiera Milano Rho exhibition grounds, from February 22-24, featuring 950 exhibitors.

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Weekly cattle cull numbers fall

The set of weekly slaughter statistics released by the USDA, for the week ending September 4, 2021, have shown a significant drop in numbers when compared to the week prior and the recent weekly average.

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We need to innovate out of the commodity trap

In a world grown accustomed to low prices as businesses prioritise efficiency, it is hard to avoid a commodity trap. Efficiency has been very much about reducing costs through a mix of using lower cost labour and higher levels of mechanisation in order to achieve shareholder gains. 

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Demand for European cow hides up

Cowhides from all global origins have been in good demand from Chinese tanners since the middle of 2020, however, towards the end of last year the upward price momentum had started to slow. According to theSauerReport, there are signs that demand for European origins in particular may be increasing.

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