Home / Knowledge / News / Textiles / China visit boosts Australian wool growers' optimism
China visit boosts Australian wool growers' optimism
05
Jul '12
A team of Australian wool growers, who recently paid a visit to China, returned highly impressed with the level of investment the Chinese mills have made in technology, which has raised their optimism about the industry’s future.
 
National Wool Manager for Elders, Andrew Dennis, said the awareness trip provided the Australian wool producers with an opportunity to visit a few processing mills in China and to learn what these mills do with the wool procured from them.
 
The average age of a wool processing mill in China is 20 years, which means majority of the mills are relatively new as per global standards. Moreover, new investment is continuously flowing in the Chinese wool processing industry, Mr. Dennis said.
 
He said that some of the mills the group visited are still investing in new machinery and are upgrading their equipments. This provided a great insight to the Australian growers as they got to see the level of investment involved in the China’s wool industry.
 
It was a good experience for the Australian growers to see the passion that the wool processors in China have for the industry, and how much respect they have for the growers, Mr. Dennis said.
 
Talking about the euro debt crisis, Mr. Dennis said the situation is very delicate and they see no immediate solution. However, domestic wool prices would rebound as soon as European markets attain some stability, he added.
 

Fibre2fashion News Desk - India

Must ReadView All

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Pakistan's Finance Minister Mohammad Ishaq Dar presenting Budget 2017-18 in National Assembly in Islamabad on May 26. Courtesy: PID, Pakistan

Textiles | On 27th May 2017

Pakistan Budget 2017-18 proposes 4 new measures

To support the textile sector in Pakistan, finance minister Mohammad...

Textiles | On 27th May 2017

Indian exports can touch $325 bn in 2017-18: FIEO

Indian exports are on upward trend in last few months as the country...

Interviews View All

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Kai Poehler
Voith Paper GmbH & Co. KG

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

Mohammad Hassan
Biax Fiberfilm

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Silvia Venturini Fendi
Fendi s.r.l

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

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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