Wal-Mart Stores Inc., announced that its board of directors has elected Mike Duke, 58, to succeed Lee Scott as president and chief executive officer, effective February 1, 2009. Duke was also elected to the company’s board of directors, effective immediately. Scott will continue serving as chairman of the executive committee of the board. 
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Arkema developed the minicoat process in the 70’s and designed a special range of Rilsan Minicoat powders for this highly efficient powder coating process.
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Government of Malaysia announced recently that in 2008 country had earned RM15.7 million under ‘One District, One Industry’ programme that was launched in 2003.
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A special relief package to prop the export sector is expected to be presented to the apex committee chaired by the Prime Minister by next week-end, Mr. G K Pillai, Commerce Secretary, announced here today.
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When it comes to buying apparel and electronics, shoppers are most interested in hearing from their peers about products, retailers and past shopping experiences. In a recent survey, conducted for the Retail Advertising and Marketing Association by BIGresearch, consumers say that word of mouth is still the number one influencer in their apparel (34.3%) and electronics (44.4%) purchases.
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Exports to Taiwan is expected to increase by two folds by next year, with the availability of a duty-free facility, that Taiwanese Government is offering for the least developed countries.
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C&F Textile Corp., a Taiwan-based manufacturer of knitting fabrics announced introduction of its latest "single jersey moisture management fabric" which is made from performance fibers and yarns. It has been developed particularly for high-end performance sportswear.
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Nigerian textile industry has been struggling to survive and is in pitiable state, especially due to impact of global recession and internal issues like lack of liquidity as well as inadequate power supply.
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The garment sector is unlikely to take a hit from the global financial meltdown as exporters sell low-end products with demand expected to be elastic, according to Bangladesh Bank.
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