The History of Samsung

Lee Byung-Chul started Samsung as a trading company based in a city called Taegu in what is now South Korea, in 1938.

The Samsung Group is a South Korea-based conglomerate company that includes subsidiaries. It's one of the largest businesses in Korea, producing nearly one-fifth of the country's total exports with a primary focus on electronics, heavy industry, construction, and defense. Other major subsidiaries of Samsung include insurance, advertising, and entertainment businesses.

With only 30,000 won (about US$27), Lee Byung-chul started Samsung as a trading company based in a city called Taegu in what is now South Korea, in 1938. With only 40 employees, Samsung began as a grocery store, trading, and exporting goods produced in and around the city. It sold dried Korean fish and vegetables, as well as noodles.

The company grew and expanded to Seoul in 1947 but left when the Korean War broke out. Following the war, Lee started a sugar refinery in Busan before expanding into textiles and building what was, at the time, the largest woolen mill in Korea.

This early diversification became a successful growth strategy for Samsung, which rapidly expanded into the insurance, securities, and retail businesses. After the war, Samsung focused on the redevelopment of Korea, especially industrialization.

Source: Ultimate Facts
@https://www.lifewire.com/history-of-samsung-818809

Technical Textiles Market Growth Outlook to 2031

https://www.theinsightpartners.com/reports/technical-textile-market

Technical Textiles Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Market Overview:

This MMR "Biomedical Textiles Market" study includes information on all the trends and technologies that are expected to have a significant impact on the growth of market over the projected period. Maximize Market Research, a renowned research firm, has recently unveiled an extensive analysis focusing on the Biomedical Textiles Industry. The report delves deep into this dynamic sector, taking into account significant technological advancements and innovations. With a specialization in high-tech systems and advanced production, Maximize Market Research offers invaluable insights into key business metrics, demand trends, pricing dynamics, and the competitive landscape within the Biomedical Textiles market.

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Understanding the intricacies of the Biomedical Textiles market requires a meticulous approach. Maximize Market Research begins with an exhaustive literature review encompassing a wide array of sources, including academic papers, industry reports, and market analyses. This comprehensive review not only aids in familiarizing researchers with existing knowledge but also identifies areas warranting further exploration. By analyzing methodologies from previous studies, researchers gain crucial insights into effective approaches for addressing research objectives.

Data collection is conducted through various methods tailored to the research design. Surveys, interviews, focus groups, and observational studies are employed to gather diverse perspectives and insights. Subsequently, collected data undergoes rigorous analysis employing statistical techniques and qualitative methods. This analytical process unveils patterns, correlations, and trends, offering a nuanced understanding of the Biomedical Textiles market dynamics.

Market Regional Insights

The Biomedical Textiles market spans across major regions including North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. Maximize Market Research thoroughly analyzes market size, growth rates, import-export dynamics, and other pertinent parameters across these regions. The Regional Analysis section provides a comprehensive overview of the Biomedical Textiles market status in various countries.

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Market Segmentation

Maximize Market Research provides a detailed segmentation of the Biomedical Textiles market, shedding light on key players operating within each segment.

by Fiber Type

Biodegradable
Non-biodegradable

by Fabric Type

Woven
Non-Woven
Others

by Application

Non-Implantable
Surgical Sutures
Others

Over the projected period, the non-woven sector is anticipated to increase at a high CAGR. Applications like tubular bandages, cohesive, adhesive, and gauze will increase demand for non-woven materials even further. The non-implantable application segment is anticipated to have the biggest market shares throughout the course of the projected period based on application. This is because biomedical textiles are widely used in non-implantable applications.

Market Key Players

This section offers insights into the prominent entities shaping the Biomedical Textiles market landscape, providing valuable information for stakeholders and investors alike.

1. Royal DSM N.V.
2. Integra Lifesciences Corporation
3. Medtronic PLC
4. Johnson & Johnson
5. Medline Industries, Inc.
6. Smith & Nephew PLC
7. B. Braun Melsungen AG
8. Paul Hartmann AG
9. Cardinal Health, Inc.
10. BSN Medical
11. Elkem Silicones
12. Atex Technologies
13. Nitto Denko Corporation
14. Bally Ribbon Mills
15. US Biodesign

Key questions addressed in the Biomedical Textiles Market report include:

What defines the Biomedical Textiles market?
What was the Biomedical Textiles market size in 2023?
What is the projected growth rate of the Biomedical Textiles Market?
What factors are anticipated to drive market growth?
How are players strategizing to enhance their presence in the Biomedical Textiles market?
What are the emerging industry applications and trends?
What recent trends could be leveraged to generate additional revenue?
Who are the leading companies and what are their portfolios?
Which segments are covered in the Biomedical Textiles Market?
Who are the key players in the Biomedical Textiles market?
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Historical Market Size and Competitive Landscape (2018 to 2022)
Past Pricing Trends by Region (2018 to 2022)
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Competitive Landscape Profiles of key players, including Market Leaders, Followers, and Regional Players
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Thermoplastic Adhesive Films Market: Industry Expert View on Future Growth and Market Trends
Thermoplastic adhesive films are used to bond distinct substrates such as metals, plastics, composites, sandwich and honeycomb structures. Thermoplastic adhesive films are developed using several technologies that includes cast film and blown film, suited for specific conditions and applications. Multilayer thermoplastic adhesive films form efficient bonds between two distinct materials, and offer clean edges and enhanced surface finish. Thermoplastic adhesive films have broad applications in the production of advanced composites and textiles.

A few players operating in the thermoplastic adhesive films market are Kureha Corp, Protechnic SA, Adhesive Films Inc, Pontacol AG, HB Fuller Co, Covestro AG, Scapa Group Ltd, Prochimir Inc, Fait Plast SpA, and Gerlinger Industries GmbH, amongst few others.

The consumer electronics industry is witnessing a significant surge due to the increasing usage of electronic appliances, such as smartphones, laptops, and other electronic products. They have become a necessity in the technological world. Thermoplastic adhesive films are widely used in consumer electronics, including cell phones and laptops. The demand for various electronic products is increasing with the constant expansion in the consumer electronics industry. The rising utilization of smartphones, laptops, and other devices is expected to drive the application of adhesive systems to manufacture core components. The complexity of electronic devices has increased along with the miniaturization of electronic components. Sophisticated electronic designs require high bonding strength and a small adhesion area offered by thermoplastic adhesive films. China is a major manufacturing destination for electronics, with the presence of many electronic OEMs. China is the largest manufacturing hub of electronics in the world. Factors such as low labor costs, availability of skilled labor, and robust supply chains are driving the growth of the electronics industry. In Malaysia, electronics manufacturing contributes significantly to the exports of the country. Many electronic companies have moved manufacturing to India in the past few years. The government of India is also showing an aggressive approach to promoting the country as an alternative market to China. Thus, the growing electronics industry across the globe is driving the demand for thermoplastic adhesive films.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

4 Interventions to fire up Nigeria’s MSMEs by SMEDAN

Small And Medium Enterprises Development Agency of Nigeria (SMEDAN) is putting up four major programmes in efforts to grow the sector into global competitiveness.

A first is to commission five Common Facility Centres for garment making, furniture making, autotech and packaging.

The centres are meant to bring together workers involved in similar sectors to share facilities at subsidized costs.

According to SMEDAN Director-General and chief executive officer Dr.Olawale Fasanya, the centres remove the burden of processing machines, workspace, skilled manpower and electricity, which account for very high operating costs for MSMEs.

He announced the efforts at a press conference to mark the UN World MSME Day in Abuja.

Pilots of the centres are in Abuja, Lagos, Kaduna, Nnewi and Katsina.

“The Agency is seeking partnerships with both the public and private sectors to provide the needed enabling environment for our 39.6 million MSMEs to become globally competitive,” said Fasanya.

An ongoing partnership with commercial banks targets Sterling Bank, First Bank and Jaiz Bank as well as the Nigerian Incentive Risk-Based Agricultural Lending (NIRSAL).

The partnership is implement measures to reduce the bottlenecks associated with accessing funding windows that is critical to business growth.

“The partnership seeks to deepen the reach of the Agency’s Matching Fund initiative,” explained Fasanya.

An initiative to establish a microfinance bank has been concluded. The bank is to attend to the peculiar funding demands of “nano and micro entrepreneurs” that account for more than 90% of MSMEs in Nigeria.

“These huge number of practicing MSMEs are largely informal requiring tailored services that can transit them from their informal status to becoming formal and structured,” said Fasanya.

“We are also deepening our interventions and supports towards the sustainable development of MSMEs across the States.

“I am glad to report that more than 250,000 direct and indirect beneficiaries have been impacted through some of our flagship programs such as the One-Local-Government-One-Product, Conditional Grant Scheme and National Business Skills Development Initiative.

“The latest Annual Impact Assessment report showed that more than 46% of beneficiaries of the Agency’s programs have been able to generate extra employments, had access to more funding opportunities and have shown verifiable evidence of increased turnover and markets.

The agency has secured key details of more than 3 million MSMEs in its MSME mass registration database. It will continue to update the database and ensure up to 50% of the total MSMEs in Nigeria are fully captured by the end of 2023 in conformity with the Data Compliance Standards.

“Other programs of the Agency that have made significant contributions to the inclusive development of the MSME sector include the Accreditation of the Business Development Service Providers, MSMEs Export Facilitation program in partnership with NEPC and Business Development Service Providers.

“All these interventions have increased the capacities of various categories of MSMEs by more than 30% within the first two years of benefitting from the programme.

Why the interest in MSMEs?

The United Nations recgonises the significant role that MSMEs play globally to national socio-economic wellbeing, so much so it declared June 27 the World MSME Day.

MSME community have helped in realizing the Sustainable Development Goals (SDGs) objectives by being responsible for up to 90% of businesses, 60% to 70% of employments and contributing up to half of the global GDP.

Specifically in Nigeria, MSMEs contribute over 59 million jobs as at 2021 (over 84% of the total labour force in Nigeria) and more than 48% to the country’s nominal GDP, according to a report by SMEDAN and the National Bureau of Statistics in 2021.

Programmes to grow MSMEs

The Talent Hunt, with special focus on identifying special skills and converting talents into enterprise lines.

“We are very aware of the creative minds of Nigeria’s young populace that account for about 68% of our population,” said Fasanya.

“We have over the years been able to nudge creative entrepreneurs in the areas of ICT, Fashion, Movie production and metal fabrication.”

Each participant gets their capacities built in enterprise management and intellectual property laws while the first 3 winners in each states gets varying degrees of grants.

The agency is levering on key and active business membership organisations to build their capacities and support them in achieving their objectives.

Several BMOs cut across sectors, gender and regions—and provide advocacy channel for members.

SMEDAN has over time supported over 200 BMOs with tailored capacity building, funds and linkages to several interventions of Government.

SMEDAN has charge for 23 industrial development centres, but is repurposing them into Common Facility Centres, workspace, innovation hubs and cluster parks.

“The IDCs provide an unexploited opportunity for addressing the key challenges that have over time limited the development of the MSME sub-sector,” said Fasanya.

“The Agency is willing and ready to enter into partnership to repurpose some of the IDCs.”

Opportunity Fairs and International Fairs is the agency’s route to open more competitive local and global markets.

Nigeria’s MSMEs contribute only 6.2% of its export.

The fairs are a means to strategically dominate huge market opportunities that exist within the West African corridors while also connecting to the AfCFTA initiative,” said Fasanya.

“I can clearly report that more than 160 MSMEs have benefitted from the Agency’s sponsored trade fair visits to the Gambia, Uganda and other West African nations.

“Also, more than 120 MSMEs have benefitted from the Agency facilitated trade visits to China and other emerging economies in Asia.

Mindshift and Tertiary Institutions Entrepreneurship Development Programs aims to create young entrepreneurs right from school, both secondary and tertiary.

It aims to address high unemployment rate in Nigeria, put at 41%.

More than 5,000 teachers have participated in the Training of Trainers organized across the country.

Women In Self Employment program (WISEP) focuses on reducing the drudgery associated with agribusiness. SMEDAN run the programme in line with the global efforts to ensure gender balance and to maximize the entrepreneurship abilities of the female gender.

The program is essentially delivered through Cooperatives.

Said Fasanya: “There are several other programs and initiatives of the Agency put in place not just to generate income for the owners but also to make significant contributions to our national GDP, create employments, reduce social vices and reduce poverty. Some of these other programs include Agribusiness Development and Empowerment Program, Products and Marketing Enhancement Schemes, Textile and Garment Supports.”

There is need for emerging economies such as Nigeria to attach importance to the wholesome development of the most important sector of the economy.

“The resources required to achieve this feat I believe is largely available,” said Fasanya.

“In line with the theme of this year’s celebration, ‘Building a Stronger Future Together’, now is the best time for every stakeholder within the MSME space to be deliberate in helping to create the much-needed enabling environment to allow our MSMEs to be more competitive.

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