Home / Knowledge / News / Textiles / New Zealand wool exporters unhappy over scouring monopoly
New Zealand wool exporters unhappy over scouring monopoly
01
Dec '11
Wool exporters in New Zealand are unhappy over the prospects of creation of a monopoly in scouring, as one of the two scour operators presently operating in the country is likely to take over the other.

Cavalier Wool Holdings, one of the two wool scours in the country, is all set to revive its bid for acquiring assets of Wool Services International, the second scour, as the High Court has ruled in its favour.

The High Court rejected an appeal against a Commerce Commission decision and has thus opened the path for acquisition of Wool Services International by Cavalier.

According to Cavalier, amalgamation of the two wool cleaning operations is crucial for their sustenance, as this would help them cut cost in present times, when the wool supply is falling and higher quantity of wool is being shipped out in a raw form to China, as sourcing is cheaper there.

However, the Wool Exporters Council is displeased with such prospects of creation of monopoly in the field of wool scouring, as according to it the wool scouring industry of the country has already undergone major restructuring in the past few years and now it is quite moderately balanced between the two firms, and allowing any such acquisition would give rise to monopoly in the sector.

According to the Council, presently around 75-80 percent of the wool clip is scoured domestically.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Pexels

Fashion | On 23rd Jun 2018

Nigerian bank launches N1 bn fund for fashion entrepreneur

Nigeria’s Bank of Industry has set aside 1 billion Naira (N) to...

Courtesy: Tayal

Textiles | On 23rd Jun 2018

Tayal textile factory in Algeria starts exports to Turkey

Algeria’s largest textile factory, the joint Algerian-Turkish company ...

Courtesy: Manhattan Beachwear

Fashion | On 23rd Jun 2018

Manhattan Beachwear in global partnership with BCBG Group

Manhattan Beachwear, the largest swimwear manufacturer in the US, has ...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

C Dhandayuthapani

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

Urmil Arya

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

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Larry L Kinn
Suominen Corporation

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Anisha Chaudhari
Threads & Shirts

Threads & 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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search