Despite numerous meetings and calls with U.S. officials and three revised proposals aimed at addressing national security concerns, Nippon Steel has been unable to secure approval from a key panel overseeing its $14.9 billion bid for U.S. Steel, according to an exclusive letter reviewed by Reuters. The letter, sent on Saturday, sets the stage for […]
Japan will reverse its ten-year-old aim of reducing its reliance on nuclear power in its upcoming Strategic Energy Plan, resulting in the country’s energy policy going forward. “Japan will minimize its dependency on nuclear power” was included to the seventh Strategic Energy Plan in 2014, three years after the Fukushima No. 1 nuclear power plant […]
SSAB Secures Permit to Build Mini-Mill in Sweden, Set to Replace Current Steel Plant SSAB has been granted the required permit by the Land and Environmental Court in Umeå to construct and operate a mini-mill in Luleå, Sweden, which will replace the existing steel plant. The approval will enable the company’s technological shift, promising positive […]
Sojitz, Nippon Steel to Invest in Champion Iron’s Canada Mining Project Japanese steelmaker Nippon Steel and trading house Sojitz will buy a 49% stake in the company’s Kami project in Canada for C$245 million ($170.41 million), as per reports. Sojitz Corporation has reached an agreement with Champion Iron Limited and Nippon Steel Corporation to participate in the […]
Hugo Boss has announced that Stephan Sturm, 61, will become chairman of the company’s supervisory board, following the next annual shareholders meeting on May 15, 2025. Stephan Sturm has a degree in business administration and began his career at McKinsey & Company before moving on to several executive roles in investment banking. Following that, he […]
Unspun, a sustainable fashion tech firm, has launched FitOS, a suite of software tools aimed at changing how businesses and customers approach the sizing and fit of clothes. FitOS, which aims to increase conversion rates, reduce returns, and improve customer experience, allows fashion firms to fulfill current consumers’ expectations with precision while eliminating the industry’s […]
Stand.earth’s latest report “Fracked Fashion” [1], highlights how the fashion industry contributes to the fracking-derived petrochemical sector through its use of virgin polyester. The report reveals that over 100 fashion brands, including major names like H&M, Puma, and Adidas, have supply chains linked to oil and gas fracking in the Permian Basin in Texas. The […]
The Zero Discharge of Hazardous Chemicals (ZDHC) Foundation, a global chemical management group, has released the Recycled Polyester Guidelines V1.0 and Industry Standard Implementation Approach V1.0 [1] to address sustainable chemical management in recycled polyester production. These guidelines provide comprehensive requirements for input, process, and output management, covering both bottle-to-textile and textile-to-textile recycling processes. The […]
The International Finance Corporation (IFC) has announced a $50 million investment in Kuçukçalik Tekstil Sanayi ve Ticaret AŞ (Kuçukçalik), a leading home textiles manufacturer operating in Türkiye and Egypt. The funding includes $30 million from IFC’s resources and $20 million through its Managed Co-Lending Portfolio Programme (MCPP). The investment aims to enhance Kuçukçalik’s sustainable production […]
