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- Saudi Arabia’s Camel Leather Market Valued at $98.7 Million | LINEAPELLE Fair to Begin From September 17-19, 2024
Saudi Arabia’s Camel Leather Market Valued at $98.7 Million | LINEAPELLE Fair to Begin From September 17-19, 2024
Agilitas Sports to Double Mochiko’s Shoe Production with $40-50 Mn Investment Targeting $125 Mn Revenue in FY25
Arshad Leathernews.org
September 15, 2024
Good Morning & Welcome to our weekly newsletter! Here, we bring you the entire week's global news, insights, market research & analysis, expert insights and facts from the "leather, footwear, and leather goods" industry.
In a simplified and easy-to-understand manner, saving you time while keeping you informed and updated.
In case you missed it, here’s a look at what happened in the Global Leather & Footwear Industry last week.
LEATHER NEWS
The Saudi Fashion Commission is highlighting the growing relevance of camel products in contemporary fashion, emphasizing their cultural and national significance.
A recent report reveals that the camel leather market in Saudi Arabia is valued at $98.7 million annually, with opportunities to expand into the luxury leather goods market, projected to reach $92.4 billion by 2028.
Discover how camel leather is set to redefine luxury goods and create new market opportunities.
In a bold move towards sustainable industrialization, Ethiopia’s Manufacturing Industry Development Institute (MIDI) has inaugurated a pilot tannery solid waste treatment facility at the Colba Tannery Factory in Modjo.
Developed in collaboration with Solidaridad, People in Need (PiN), and the European Union (EU), this facility is part of a nationwide effort to adopt eco-friendly practices in leather manufacturing.
The initiative is expected to improve waste management, boost pollution prevention, and create green jobs, aligning with Ethiopia’s goal of building a climate-resilient green economy.
The 6th edition of the Sustainable Leather Forum (SLF) concluded with a powerful focus on collaboration and sustainability in the leather industry.
This year’s event featured 20 expert speakers, 25 exhibitors, and representatives from 16 countries, facilitating nearly 400 B2B meetings.
Industry leaders Christophe Dehard and Marc Brunel emphasized the need for ongoing dialogue, partnerships, and consumer awareness to foster a more responsible future for leather.
From September 17 to 19, 2024, Fiera Milano Rho will host LINEAPELLE’s 104th edition, featuring over 1,259 exhibitors from 43 countries.
This premier trade show will highlight the latest trends for Autumn-Winter 2025-2026, blending tradition with modern innovation under the theme "An Intelligent Heart."
Visitors can expect fashion shows, craftsmanship workshops, and insightful discussions on sustainability and the future of leather.
Nigeria is set to generate $1 billion from its leather and leather products by 2025, according to projections shared by Uche Geoffrey Nnaji, the Minister of Innovation Science and Technology.
During a recent summit, he emphasized the need for stakeholder collaboration, improved animal care, and enhanced production standards to meet international export requirements.
The event, held in collaboration with the Kwara State Government, also highlighted the government’s commitment to revitalizing the leather sector to drive sustainable economic growth.
FOOTWEAR NEWS
Former Puma India Managing Director, Abhishek Ganguly, is driving a major expansion at Mochiko, the B2B sports footwear manufacturer he acquired last year through his startup, Agilitas Sports. Ganguly has unveiled ambitious plans to double Mochiko's production capacity within the next three to four years, backed by a substantial investment of Rs 300-400 crore.
Mochiko is constructing a new facility in Noida, set to become operational in the next two months, and plans to open an additional unit in South India within the next six to eight months. This expansion aims to meet the rising global demand for sports footwear and enhance manufacturing efficiency through advanced automation.
To read more about how Mochiko is positioning itself as a key player in the global footwear industry and the strategic steps being taken to achieve a Rs 1,000 crore revenue milestone by FY25, click here to read the full article on our website.
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