AGP Executive Report
Last update: 6 hours agoLyocell Expansion in India: Grasim Industries approved a ₹3,094 crore (US$323m) Phase II Lyocell build at Harihar, Karnataka, adding 110,000 tpa via two 55,000 tpa lines (first by 2028, second by 2030), taking total capacity to nearly 210,000 tpa and pushing cellulosic fibres beyond 1 million tpa. NASA x Fashion Tech: Prada and Axiom Space unveiled the Liquid Cooling and Ventilation Garment for NASA’s Artemis moon suits, using textile-led thermal management to keep astronauts cool during long spacewalks. Textile Supply Chain & Trade: China and Cambodia signed an AEO mutual recognition deal to speed customs clearance and cut inspections for compliant firms, while India launched a portal to operationalise BHAVYA—100 industrial parks backed by ₹340bn. Labour & Industry Pressure: Garment workers in Dhaka’s Mirpur blocked a road over a factory closure (Uniform Textile), and South Africa’s unemployment debate drew pushback against blaming migration. Market Watch: ICE cotton futures stayed bearish amid ample supplies and rising certified stocks; PTA prices in Asia firmed as polyester demand supported buying. Circularity & Compliance: Bangladesh remains a net importer of e-waste despite Basel rules, with textiles among the biggest importer categories.
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