Home / Knowledge / News / Textiles / Shandong Ruyi to buy more Australian superfine wool

Shandong Ruyi to buy more Australian superfine wool

24
Apr '12
Shandong Ruyi Group, China's leading wool and suit producer, has hinted that it would need more superfine wool to cater to the luxury market.

The announcement follows the company's acquisition of a sheep station in Victoria last year for a price of Au$ 14 million to enhance its superfine wool availability.

Madame Ding, Vice President of Shandong Ruyi Group, said demand for luxury suits is increasing at a rate of 30 percent per annum.

She said the firm already has a special Royal Ruyi line, featured in luxury suits segment, which requires around 500,000 metres of fabric, in addition to the 20 million metres that the company produces each year from superfine wool to cater to its medium to high end men's suits segment.

Welcoming Shandong Ruyi's intention to buy more superfine wool, the Tasmanian superfine wool growers have invited the Chinese firm to be a member of their national association - Australian Superfine Woolgrowers Association.

The woolgrowers expect that the Chinese firm's move would boost the prices of the speciality fibre, which presently are in doldrums, and thus prevent farmers from giving up growing the speciality fibre.

Fibre2fashion News Desk - India


Must ReadView All

Pic: University of Cambridge

Textiles | On 28th Jul 2021

Cambridge produces plant spider silk to replace single-use plastics

Scientists from the University of Cambridge have produced a...

Pic: Shutterstock

Textiles | On 28th Jul 2021

Circular economy drives superior risk-adjusted returns: Research

UK-based Ellen MacArthur Foundation recently published a white paper...

Pic: Shutterstock

Apparel/Garments | On 27th Jul 2021

US buyers to raise sourcing of RMG from Bangladesh: USFIA study

Nearly half of US fashion brands and buyers are eager to source more...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Uniform designing is a numbers game

Textile Industry, Head honchos

Textile Industry
Head honchos

There was a certain switch, but it was not 100% pandemic related

Textile Industry, Head honchos

Textile Industry
Head honchos

Next level is to inject new features:

Chendhuran Sundar,

Chendhuran Sundar

Headquartered at Singapore, Crocodile is a global fashion and lifestyle...

Benedetta Terraneo,

Benedetta Terraneo

Miko Srl, a subsidiary of US-based Sage Automotive Interiors and a member...

Shivaani Jain,

Shivaani Jain

Established in 2015, Once Upon A Trunk is a one-stop-shop with almost...

Thomas Ong P S, NanoTextile

Thomas Ong P S
NanoTextile

Malaysian company NanoTextile Sdn Bhd taps into the potentials of...

Daniel Odermatt, Ventile

Daniel Odermatt
Ventile

Ventile is a registered trademark used to brand a special high-quality...

Madison Maxey, Loomia

Madison Maxey
Loomia

Loomia designs and manufactures soft circuit systems that can be produced...

Shalini Sharma & Shweta Pundir Sharma, Six Yard Story

Shalini Sharma & Shweta Pundir Sharma
Six Yard Story

Six Yard Story is a premium artisanal brand with a focus to bring handloom ...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

Designer <b>Suman Nathwani</b> talks about her journey of opening a...

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

Leave your Comments


July 2021

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


Advanced Search