International Leather Maker reports that Alcentra Capital Corporation announced on July 22 that Alcentra has provided $8.0 million in Senior Subordinated debt to refinance automotive leather makers GST AutoLeather, Inc.
Leather production in Colombia registered year-on-year growth of 12.6% in the first four months of 2014, but local leather and footwear industry association Acicam has complained that tanners there are finding it hard to source sufficient raw material and has called for government action.
FashionNetAsia presents extracts of a recent interview of Mr Su, Chairman of CLIA giving an assessment of the China Leather Industry. In short - current decline but strong prospects:
According to the figures provided by the National Bureau of Statistics and General Administration of Customs, the leather industry performed steadily between January and April in 2014.
Any substantial move of footwear and leather production from China to neighbouring ASEAN countries will probably require Chinese investments in the ASEAN free trade region. However, the trade fair hubs for the leather industry of Hong Kong and Shanghai will remain key for western tanneries aiming to sell wet blue and semi-finished leather to Chinese owned tanneries and finished leather to similar end product manufacturers.