Home / Knowledge / News / Textiles / Elders to boost wool broking & processing businesses
Elders to boost wool broking & processing businesses
Jun '08
Wool growers throughout Australia will benefit from a decision by Elders to further invest in its wool broking and processing operations.

The company has announced it will be scaling back its greasy wool trading business to enable greater investment and resources to be directed to core client services.

Elders Wool General Manager Mark Rodda said Elders' decision to reduce its involvement in greasy wool trading allowed the company to concentrate on the services that mattered most to its wool growing clients.

“As Australia's largest wool broker, Elders has a responsibility to provide the nation's wool producers with the most effective and efficient service possible.

By re-positioning our involvement in greasy trading, we can focus more on helping growers improve their production and in building markets for their wool,” Mr Rodda said.

Mr Rodda said Elders would continue to buy greasy wool for the company's topmaking plants in China, Germany and Turkey and also on an indent basis for other overseas mills.

“We're still buying for ourselves and others but not in a speculative trading capacity.

“This change in our business does not impact at all on our traditional broking, agency and auction services – those operations remain unchanged,” Mr Rodda said.

“In fact, we will be building on these services by reinvesting the capital from the previous greasy wool trading business back into our broking and processing businesses, so as to better support our clients.

“Our normal broking business will continue, including our offering of a full suite of risk management products.”

Elders Managing Director, Mike Guerin, said that Elders would maintain its total commitment to the Australian wool grower.

“Elders will continue to deliver the wool agency and auction services for which it is famous. This will allow additional focus to be applied to the existing indent buying service with a view of building upon the quality and service currently offered,” Mr Guerin said.

“Our handling and early stage processing operations are continuing as will our wool buying activities in Fremantle, Melbourne and Sydney.

“A strategic review by the company identified the opportunity for Elders to re-invest in its traditional network business which will see ongoing improvements to our core client services.

By refocusing our involvement in greasy trading Elders will be better able to concentrate its resources on our traditional branch network operations,” Mr Guerin said.

Elders expects that re-deployment options will be available for most of the affected employees within the organisation.

Elders Wool

Must ReadView All

Textiles | On 27th Oct 2016

Teijin Frontier develops Solotex RC lightweight fibre

Teijin Frontier Co. Ltd, fibre products converting company and part...

Tosha Hays addressing the conference. Courtesy: College of Family and Consumer Sciences, UGA

Textiles | On 27th Oct 2016

Industry experts discuss future of fabrics at UGA

Industry experts, researchers and military officials discussed the...

Courtesy: Global Denim Awards

Fashion | On 27th Oct 2016

Anbasja Blanken & Italian mill ITV Denim win GDA

Dutch designer Anbasja Blanken and Italian mill ITV Denim was the...

Interviews View All

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Amit Jain
Shingora Textiles Ltd

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Steve Cole
Xerium Technologies

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

Igor Chapurin

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

Pranav Mishra

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

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