Home / Knowledge / News / Textiles / UK wool industry on a comeback trail
UK wool industry on a comeback trail
20
Feb '13
The prospects of UK’s beleaguered woolen industry, which was nearly destroyed by alternative man-made fibres in the 1970s and 1980s, is making a comeback as there is increase in demand for wool across Europe and Asia.
 
Mr. Stuart McCullough, the CEO of The Woolmark Company, told fibre2fashion, “The wool industry is making a glorious comeback and contributing hundreds of millions of pounds to the UK economy as demand for wool is increasing across Europe and Asia,”
 
“Woolen mills are employing more people than they have in many decades, as every UK mill is witnessing a substantial rise in turnover,” he adds.
 
According to him, the demise of the industry started when wool was at its height with 130 mills working at capacity, many high street companies began choosing cheaper alternatives from China and Turkey as well as using polyester viscose, an alternative about a tenth of the price of wool at the time.
 
“Over the next few decades the industry was kept alive by high-end men's fashion retailers including Hackett, Aquascutum, Savile Row, Paul Smith and Vivienne Westwood as they continued to buy and use high grade Merino wool in their products,” he informs.
 
John Walsh, Director at Abraham Moons mill in Yorkshire says, "Many mills collapsed but the ones who survived adapted to the export market. We made commitments to design by putting large sums of the profits back into the company, into machinery and technique.”
 
“70 per cent of the wool textiles manufactured in the UK are exported, compared to 50 per cent in the 80s,” he informs.
 
Figures from 2008 to 2010 show that the value of the UK wool apparel market has risen across the board, including menswear, women’s wear, knitwear, active wear and work wear and is now worth £1.244.72 billion.
 

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Reliance Industries

Textiles | On 24th Apr 2017

Reliance’s FY17 revenue from petrochemicals up 12.2%

Increase in prices across polymers and polyester chain has...

Textiles | On 24th Apr 2017

India, Kazakhstan to increase cooperation in textiles

Indian and Kazakhstan are deliberating upon increasing cooperation in ...

Textiles | On 24th Apr 2017

GST reflects 'One nation, One aspiration' spirit: Modi

Prime Minister Narendra Modi has said that the Goods and Services Tax ...

Interviews View All

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Johan Berlin
InvestKonsult Sweden AB

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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
April 2017

April 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