Home / Knowledge / News / Textiles / Wools of New Zealand takes a leap forward
Wools of New Zealand takes a leap forward
Feb '13
Wools of New Zealand (WONZ) has completed raising the minimum requirement of NZ$ 5 million in capital from wool growers for establishing a farmer-owned strong wool sales and marketing company, according to Federated Farmers.
Last year, WONZ had extended the deadline for its share offer to wool growers until February 25, 2013, to provide every opportunity for growers to take advantage of the offer, which then remained short of the minimum required level of $5 million.
Achieving the $5 million threshold would enable WONZ to fully engage in its projects and businesses, including promotion of wool in international markets and establishment of supply chains.
WONZ plans to develop strong brand identity for New Zealand wool, while building on existing market connections, Federated Farmers said.
WONZ expected to raise $10 million for starting a company for benefitting wool growers in New Zealand, but it has achieved only half of the target so far.
Achieving the minimum threshold provides an opportunity for WONZ, which has been so far run by a trust, to further proceed towards establishing a farmer-owned sales and marketing company for more use of wool in carpets and textiles.
The achievement has come after several earlier attempts to form farmer-owned groups to raise the profitability of wool growers by controlling the supply of wool from farm to market, through branding, promotion and sales. 

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

Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Steve Cole
Xerium Technologies

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

Larry L Kinn
Suominen Corporation

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Ritu Kumar
Label Ritu Kumar

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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