AGP Executive Report
Last update: 5 hours agoIndustry Pressures: Scottish home-textiles firm The Honesty Works has collapsed into administration owing £1.5 million, after years of losses linked to weaker demand and rising production and shipping costs. Circularity: Trützschler has added three customers to its TRUECYCLED recycling network, while major fashion brands are joining forces to tackle textile waste. Circ and Huafon also plan a textile-recycling site in China. Policy Shift: Denmark has launched a textile strategy, and UK retailers back a new textile-collection plan as waste rules tighten across Europe. Market Outlook: An ITMF survey finds textile demand remains weak despite an improved outlook; dye-price and chemical-cost pressures have also halted operations at some Tirupur dyeing units. Garment Trade: Bangladesh manufacturer Beximco is seeking $23 million to reopen factories, as Cambodia’s garment-related exports rose 7.7% in January–September. Workers: Surat textile workers are pressing for eight-hour days and a weekly day off.
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