Home / Knowledge / News / Textiles / Every dollar invested by AWI delivers $2.90 return
Every dollar invested by AWI delivers $2.90 return
31
Aug '15
Every dollar invested by Australian Wool Innovation (AWI) over the past three years has delivered a $2.90 return to wool growers.

“The benefits of AWI's investment in R&D and marketing have been detailed in the recent 'Review of Performance' (ROP) conducted by Deloitte Private,” a press release said.

AWI CEO Stuart McCullough said, “Investment was critical to ensure the continued delivery of benefits to wool growers such as those highlighted in the ROP.”

The ROP showed AWI has created value for wool growers through improved productivity, increased market demand, growing wool prices, and cost savings.

Programs that have helped growers improve profitability include a Lifetime Ewe Management program. AWI's investment in this long-term project represented a return of $13 to $44 on every dollar invested.

Of those woolgrowers who have taken part in the course, the average participant has improved weaning rates by 11 per cent and reducing ewe mortality by 33 per cent.

Under the Wild Dogs program, AWI funded $3 million and leveraged an additional $2.8 million from other partners, representing a return of $8.60 on every dollar invested by AWI.

“This funding supported 98 community wild dog control groups, reducing self-reported stock losses by more than 70 per cent,” the press release added.

AWI funded $2.1 million for the Shearer and Wool Handler Training program for over two years 2012 to 2013, representing a return of $2.60 on every dollar invested.

“Now, 60 per cent of trained shearers reported better productivity and 79 per cent reported improved shearing quality,” it informed.

New supply chains have been developed in emerging countries while more than 20 manufacturers in China, Turkey, Italy and India have improved their technical skills.

AWI has recommended that the current wool levy of 2 per cent be retained for the next three years to ensure the continuation of outcomes such as those delivered over the past three years. (AR)

Fibre2Fashion News Desk – India


Must ReadView All

Apparel/Garments | On 23rd Sep 2017

AAFA urges negotiators to preserve TPLs in NAFTA

The American Apparel & Footwear Association (AAFA), an alliance of...

Textiles | On 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Textiles | On 23rd Sep 2017

PKR 690.65-mn budget for Pakistan Cotton Committee

The Pakistan Central Cotton Committee (PCCC) recently approved a PKR...

Interviews View All

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Eamonn Tighe
Nature Works LLC

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

Johan Berlin
InvestKonsult Sweden AB

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Sanjukta Dutta
Sanjukta's Studio

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

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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