Home / Knowledge / News / Textiles / New carpet deal may bring prosperity to wool sector
New carpet deal may bring prosperity to wool sector
08
Apr '10
The once plagued wool industry gets a chance to move towards profitability as Elders Primary Wool is in receipt of a carpet deal that will earn farmers a premium of $1.30 per kg.

International Design Guild's 120 US stores are likely to obtain a range of carpets from United States carpet manufacturer, Fabrica. Elders has signed a small yet important contract to supply Just Shorn branded wool to the above company for production.

Off late, wool is being sold for less than $3 per kg. In order to qualify for the premium, wool must meet with the requirements and quality criteria and meet farm management and animal husbandry accreditation. Further to prove that wool comes from the farm as declared, the above procedure will be supported by the firm's traceability technology

Around all this, Chapman said, “We are yet to confirm accreditation standards and also decide on who will finish the audits. But that does not mean that the Fabrica contract be undervalued.”

Chapman also said, “The importance of this is the fact that there is a premium and it assures what US retailers have said, that they can sell product at a premium. It also ensures that the Just Shorn contract is on the right path.”

According to Chapman, this contract proved Elders' belief that the wealthy would indulge in paying more for the carpets that were naturally made from long-lasting, environmentally friendly products.

According to Chapman, the rich did not change carpets because it had worn out instead they considered carpets as a fashion accessory and therefore replaced the old carpet with a new one, every six to seven years. Fabrica and International Design Guild would launch these carpets in July.

Chapman was sure that, other carpet producers would also follow in Fabrica's footsteps and source wool from Elders. He added by saying that, two flooring retailers associated to the US-based CCA flooring company could also buy Just Shorn wool, thereby raising the market share by 1400 flooring stores.


“It will take it time for the wool industry to turn tables after 30 years of downturn. However, I am confident that this plan will generate fortunes for the wool cultivators”, says, Chapman.

Fibre2Fashion News Desk - India


Must ReadView All

Union Minister for finance Arun Jaitley chairing the 25th GST Council meeting, flanked by minister of state for finance Shiv Pratap Shukla (right) and finance secretary Dr Hasmukh Adhia. Courtesy: PIB

Textiles | On 20th Jan 2018

GST rate on velvet fabric reduced to 5%

The 25th Goods and Services Tax (GST) Council meeting, held under the ...

RIL petrochemicals’ revenue grows 47.6% in Q3 FY18

Textiles | On 20th Jan 2018

RIL petrochemicals’ revenue grows 47.6% in Q3 FY18

The revenue from the petrochemicals segment at Reliance Industries...

Courtesy: Cotton USA

Textiles | On 20th Jan 2018

US cotton bodies pledge to support CCI activities

Ten US cotton organisations have pledged industry contributions in...

Interviews View All

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Eric Scholler
Groz-Beckert

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

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

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

January 2018

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
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

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
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

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
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

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
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


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