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

Apparel/Garments | On 24th Mar 2017

UK online retail sales up 15% in February 2017

Online retail sales in UK have grown by 15 per cent year-on-year in...

Courtesy: Messe Frankfurt

Textiles | On 24th Mar 2017

Over 3341 exhibitors participate in Intertextile Shanghai

More than 3,341 exhibitors from 26 countries and regions participated ...

Apparel/Garments | On 24th Mar 2017

Tiruppur garment cluster hopeful of meeting export target

The Tirupur garment cluster is hopeful of meeting its target of...

Interviews View All

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Rajiv Sirohi
Shara

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

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Johan Berlin
InvestKonsult Sweden AB

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Yash P. Kotak
Bombay Hemp Company

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

Mike Hoffman
Gildan Activewear SRL

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

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:
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search