Home / Knowledge / News / Textiles / International support encourages Wool Partners Co-operative
International support encourages Wool Partners Co-operative
25
Jan '11
Wool Partners Co-operative Limited director and deputy chairman Mark Shadbolt says he is encouraged by supportive comments made by many industry players towards the Wool Partners Co-operative capital raising.

“Despite suggestions by our opponents to the contrary, industry players we have talked with at the Domotex 2011 Carpet Trade Show in Hannover are very supportive of a New Zealand grower-owned co-operative.”

“Even the prospect of having to pay higher prices for wool is not an issue for them. A common thread in discussions with spinners and carpet manufacturers in Europe is that they are not particularly concerned about the prospect of having to pay higher prices once the co-operative gets up and running and see benefits if the co-operative has a steadying influence on prices.”

Commenting on the recent gains for strong wool, from approximately $2 a kilogram greasy to $5 a kilogram greasy over recent months, Mr Shadbolt says higher prices were not an issue with these international customers, but the speed with which the price has increased was.

“Like any business, manufacturers have to plan budgets, pricing and contracts, and this volatility plays havoc with those. The uncertainty and instability is much harder for them to manage than steady, but higher prices.”

Mr Shadbolt says surprisingly industry players had a high awareness of the launch of Wool Partners Co-operative as a 100 per cent grower-owned co-operative for the strong wool industry in New Zealand.

“They view the co-operative as a mechanism that could bring price stability to the market and to growers and were therefore keen to see it succeed as it benefits everyone.”

Wool Partners Co-operative Limited

Must ReadView All

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Anshul Sood
Oceedee

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

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Lynda Kelly
Suominen Corporation

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

Kerem Durdag
Biovation II LLC

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

Wendell Rodricks
Wendell Rodricks

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

Igor Chapurin
Chapurin

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

Pranav Mishra
Huemn

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

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search