Home / Knowledge / News / Textiles / Wool Co to raise funds to acquire WSI
Wool Co to raise funds to acquire WSI
Sep '11
A new initiative has been launched by sheep farmers under the newly set up New Zealand Wool Investment Company Limited (Wool Co) to acquire New Zealand Wool Services International Limited (WSI).

Cliff Heath, Chairman of Wool Co, said the company plans to unite sheep farmers and raise a capital of NZD 40 million for the purpose.

He said Wool Co would like to be involved in all wool activities from farm gate to the shop floor. Further, the competition at the scours is important for stability of processing costs charged to farmers, and to safeguard the interests of New Zealand wool industry.

The wool scours owned by WSI are strategic wool assets and they need to be under the control of the farmers, he added.

For raising NZD 40 million, Wool Co has made an offer that is available to 'Eligible Persons' under the Securities Act 1978 and to those persons who fall within section 3(2)(a) of the Securities Act.

Currently, a 64 percent shareholding in WSI is on the market. Post successful fundraising, Wool Co wishes to negotiate an agreement for acquiring this share and taking over the management of WSI.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 29th Jun 2017

Nan Ya files trade petition in US against Korea & Taiwan

Nan Ya Plastics Corporation, America, a US synthetic fibre producer,...

Textiles | On 29th Jun 2017

Indian textile industry will reach new milestone by 2020

By 2020, textile technologies will be highly advanced not only with...

Apparel/Garments | On 29th Jun 2017

Amazon intends to keep investing and growing in India

American online retail giant Amazon intends to keep investing and...

Interviews View All

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Abhishek Samdaria

GST will certainly reduce a lot of paperwork in future

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
July 2017

July 2017

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


Browse Our Archives


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