• Linkdin

Consortium revives New Zealand wool spinning plant

09 May '12
1 min read

Qualityarns NZ Ltd , a producer of wool knitting and weaving yarns has been revived, due to efforts of a consortium of Wool Equities and a few knitting companies.

The wool spinner stopped its plant late last year, blaming high compliance costs and competition from imported yarns.

Wool Equities, which is body owned by farmers has a 77 percent stake in the consortium and has invested NZ $300,000 to restart the unit.

The spinning plant is expected to restart by the end of this week.

Fibre2fashion News Desk - India

Leave your Comments

Esteemed Clients

TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
TEXVALLEY MARKET LIMITED
TESTEX AG, Swiss Textile Testing Institute
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Taiwan Textile Federation (TTF)
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Stahl Holdings B.V.,
Advanced Search