• Linkdin

Shandong Ruyi to buy more Australian superfine wool

24 Apr '12
1 min read

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

Leave your Comments

Esteemed Clients

TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
TEXVALLEY MARKET LIMITED
TESTEX AG, Swiss Textile Testing Institute
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Taiwan Textile Federation (TTF)
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Stahl Holdings B.V.,
Advanced Search