Home / Knowledge / News / Textiles / AWTA to increase wool testing fees
AWTA to increase wool testing fees
12
Jun '09
Mr Michael Jackson, MD
Mr Michael Jackson, MD
AWTA Ltd announced that there would be an average increase of 3.5% in wool testing fees for the forthcoming wool selling season, effective from the 1st July 2009.

Mr Michael Jackson, AWTA Ltd's Managing Director said: “Like most businesses in the wool industry, AWTA has been heavily impacted by the continuing decline in wool volumes. The amount of wool tested in Australia has declined by 10% over the past year and the Australian Wool Production Committee has predicted a further decline in wool production during 2009/10.In such a difficult environment, AWTA has taken significant measures to reduce operating costs, including the permanent closure of our Sydney laboratory and a reduction of shifts in our Perth laboratory. Despite these measures, the Board of AWTA Ltd has determined that a modest fee increase for the forthcoming wool selling season is prudent in order to ensure the ongoing financial stability of the Company.”

Even with this fee increase, the testing fees for a typical 7 bale lot still remain less than they were in 1993. During the same period the volume of Australian wool tested has declined by more than 50%. Gains in testing productivity,the control of operating costs and the adoption of new technology has meant that AWTA Ltd has generally been able to avoid increasing fees over the past 16 years.

The change in fees since 1993. In that time the fee for an average 7-bale lot of wool tested for Yield & Micron and Staple Length & Strength has decreased by 4.4% while inflation has increased by 44.5% and wages by 64.9%. There was no general increase in testing fees last year.

Key Points
1. Average fee increase of 3.5%.
2. Testing volume has declined by 10% in the last 12 months.
3. AWTA Ltd continues to take steps to reduce operating costs, including closing its Sydney laboratory.
4. Even with a fee increase, testing fees will remain lower than they were in 1993.

Australian Wool Testing Authority Ltd

Must ReadView All

Courtesy: Li & Fung

Textiles | On 24th Mar 2017

Li & Fung forms new supply chain partnership with PVH Corp

Li & Fung Limited, the world's leader in consumer goods design,...

Courtesy: Alizilla

Apparel/Garments | On 24th Mar 2017

Alibaba's eWTP finds first overseas base in Malaysia

In a step towards using the internet to bring small businesses around ...

Textiles | On 24th Mar 2017

BJMC to produce cotton-jute blended denim fabrics

To meet demand from the market, Bangladesh Jute Mills Corporation...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

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...

Wendell Rodricks
Wendell Rodricks

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

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


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