Home / Knowledge / News / Textiles / Wool spinning mill of NZ's Qualityarns set for revival
Wool spinning mill of NZ's Qualityarns set for revival
Apr '12
A group of knitting firms and New Zealand based farmer-owned investment company Wool Equities have joined hands to buy and revive the Qualityarns wool spinning plant based at Milton in South Otago.

The historic woollen mill in Milton town, owned by Qualityarns, produced specialist knitting and weaving yarns. But, it was compelled to stop its processing activities in later half of 2011.

As stated by the company, several factors like inability to withstand competition from imported yarns flowing in as a result of trade agreements with China, as also high compliance costs of the Resource Management Act, Emissions Trading Scheme and Accident Compensation Scheme compelled it to cease operations.

The wool spinning plant, which is considered to be a foundation stone of New Zealand's non-carpet textile industry, has an ability to spin almost any type of yarn, and these yarns serve as inputs for several knitters and spinners.

It became difficult for these knitters and spinners to source such yarn from any other domestic source, after the mill closed.

Hence, a consortium of knitters, who purchased yarn from the mill, approached Wool Equities, which has resulted in a deal for purchasing and re-starting the plant next month onwards.

The machineries of the woollen mill were procured by the new consortium with absolutely no reservations, and the knitters group is expected to soon finalize other details of the deal.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 25th Oct 2016

Arvind to dilute 10% stake in brand business arm

Arvind Limited, one of India’s largest integrated textile and apparel ...

Courtesy: Commonwealth Bank of Australia

Textiles | On 25th Oct 2016

World’s first cotton shipment using Skuchain’s Brackets

The world’s first trade transaction involving shipment of cotton...

Textiles | On 25th Oct 2016

Cotton yield to increase to 568.29 kg/ha in 2016-17: CAB

At its first meeting for the cotton season 2016-17, the Cotton...

Interviews View All

Evelyne Cholet

‘France had a reputation of being big in new ideas, but poor in marketing...

Rajiv Sirohi

‘Portugal is taking away a major share of the mill made sector.’

Veronique Lee

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Steve Cole
Xerium Technologies

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Ritu Kumar
Label Ritu Kumar

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

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

October 2016

October 2016

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


Browse Our Archives


Advanced Search