Home / Knowledge / News / Textiles / Successful Wool Levy Fund projects show passion & potential
Successful Wool Levy Fund projects show passion & potential
06
Jul '11
Seven entrepreneurial wool projects will benefit from a funding boost of more than half a million dollars, Beef + Lamb New Zealand (B+LNZ) announced.

The cash comes from a contestable fund set up to share out the remaining wool levies, with the money going to businesses demonstrating the greatest potential to pump money back into the wool industry – and ultimately, into farmers' pockets.

Some of the projects aim to do this by achieving savings through the development of tools and systems for improved efficiency and consistency. Others are focused on increasing demand for wool through research and the creation of new products and niche markets.

The successful applicants were chosen by an advisory panel from 28 bids by farmer groups, wool industry service providers and manufacturers.

They are: Potroz-Smith Technologies Ltd, NZ Wool Services International, The Formary, Alliance Group, Wool Equities, NZ Shearing Contractors Association and a collaboration between Wool Partners International and Banks Peninsula Wool Growers Group.

B+LNZ Chief Operating Officer, Cros Spooner says it was exciting to review all 28 projects. “It shows there is some genuine passion and talent with companies involved in the New Zealand wool industry.”

“We believe each of the seven projects we've funded has a very real chance of delivering value back to New Zealand farmers, which is great news.”

To ensure the Wool Levy Fund distribution improves returns for wool growers, applicants were required to show their commitment to investing time, money and resources in the success of the project. Each of the successful projects will be matched 50:50 with funding from the applicant group.

• Eastbourne-based Potroz-Smith Technologies Ltd is researching the production of an environmentally friendly, super absorbent wool-based material for use in personal hygiene and wound-care products that will be natural, non-toxic and biodegradable.

• NZ Wool Services International will focus on developing practical tools to avoid underweight bales, which currently cost the industry an estimated $4million a year. The company is based in Christchurch.

• Wellington company and sustainable textile inventor The Formary is looking at blending New Zealand strong wool and a waste material to develop a range of commercial and domestic interior products.

• Wool Partners International and Banks Peninsula Wool Growers Group are working together to develop a truly sustainable carpet using natural processes and materials, including low pesticide, ethically-produced, traceable New Zealand wool.

• Invercargill's Alliance Group plans to incorporate wool production into its Hoofprint software package (developed in conjunction with Dunedin-based AbacusBio to measure on-farm carbon footprints). The company will work with NZ wool producers and marketers to gain extra market value for Hoofprint-accredited wool products.


Must ReadView All

Union Minister for finance Arun Jaitley chairing the 25th GST Council meeting, flanked by minister of state for finance Shiv Pratap Shukla (right) and finance secretary Dr Hasmukh Adhia. Courtesy: PIB

Textiles | On 20th Jan 2018

GST rate on velvet fabric reduced to 5%

The 25th Goods and Services Tax (GST) Council meeting, held under the ...

RIL petrochemicals’ revenue grows 47.6% in Q3 FY18

Textiles | On 20th Jan 2018

RIL petrochemicals’ revenue grows 47.6% in Q3 FY18

The revenue from the petrochemicals segment at Reliance Industries...

Courtesy: Cotton USA

Textiles | On 20th Jan 2018

US cotton bodies pledge to support CCI activities

Ten US cotton organisations have pledged industry contributions in...

Interviews View All

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Headhonchos
Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Urmil Arya

Sushila International, a well established textile organisation established ...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

January 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search