Tannery exports expected to hit $1bn | Bangkok Post: business

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Tannery exports expected to hit $1bn

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  • Newspaper section: Business
  • Writer: Wasu Vipposanat
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Exports of tannery products are expected to increase by 5% this year to US$1 billion compared with 10% growth in 2013 due to unfavourable major export markets, say executives. 

To stay competitive, tanneries need to upgrade their labour and technology, says Ms Pranee.

While the months-long political impasse has yet to have a major impact on the industry, the Thai Tanning Industry Association (TTIA) said the cost of raw leather has surged, pushing up the cost for tannery production. Thailand currently imports 70% of leather for local production mainly from the US, Australia, Brazil and Argentina.

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