Home / Knowledge / News / Textiles / Integration of AWI with AWS to be completed by June 30, 2007

Integration of AWI with AWS to be completed by June 30, 2007

Apr '07
Australian Wool Innovation (AWI) Chairman Ian McLachlan has announced the integration of AWI with Australian Wool Services (AWS) will be completed by 30 June 2007.

Mr McLachlan said this timeline is now possible with the Federal Agriculture Minister Peter McGauran's decision to support the integration with funding of $15 million.

“The process from here will include negotiation of contracts and a period of due diligence. This $15million allows AWI to secure key assets held by AWS, including the Woolmark brand,” said Mr McLachlan.

“The funding provided by the Government will be spent only on securing key wool industry assets that are owned by AWS; it will not be used to fund other AWI activities."

“The suggestion broadcast on ABC Radio Country Hour on the 18th of April, that this Federal Government funding will be used to support AWI's Federal Court case against PETA and its affiliates, is totally incorrect."

“As one of the most important announcements in the history of the wool industry, we need to be very clear about what the integration means."

“It means that vital assets which woolgrowers have invested in over decades can be reinvigorated and put to use to build the demand for Australian Merino wool."

“The money paid by AWI to secure the key assets will be used by AWS to fulfil its obligations to the IWS Pension Fund in the UK. As a result, AWI will have no liability to the Pension Fund, which will be totally separate from the Australian wool industry."

Must ReadView All

Pic: Shutterstock

Textiles | On 27th Sep 2021

China's infrastructure plan to spur domestic demand, economic change

China’s State Council's executive meeting recently adopted the 14th...

Pic: Shutterstock

Apparel/Garments | On 27th Sep 2021

AAFA calls for tariff relief as US industry deals with shipping crisis

American Apparel & Footwear Association president and CEO Steve Lamar ...

Pic: Shutterstock

Textiles | On 27th Sep 2021

Bangladesh seeks duty-free market access to US

Bangladesh recently urged the US to provide duty-free access to its...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Switch was not 100% pandemic related

India-EU Summit, Representatives

India-EU Summit

India-EU FTA will provide EU with better access to a huge & rapidly...

Vandana Narang, National Institute of Fashion Technology

Vandana Narang
National Institute of Fashion Technology

Campus placements are low due to lockdowns

Erwin Devloo,

Erwin Devloo

The Picanol Group is a diversified industrial group active worldwide in...

Andrea Pelissero,

Andrea Pelissero

Located near Milan, Italy, and with 50 years of experience in the textile...

Nantas Montonati,

Nantas Montonati

The Riri Group is a one-stop supplier of metal accessories for the luxury...

Dr Anup Rakshit, ITTA

Dr Anup Rakshit

The Indian Technical Textile Association (ITTA) is the only association of ...

Ian Russell, Pireta

Ian Russell

UK-based Pireta has developed a unique free-form process to add durable,...

Sven Ghyselinck, Devan Chemical

Sven Ghyselinck
Devan Chemical

Headquartered in Belgium and with offices in the United Kingdom, Portugal...

Sandeep Gonsalves & Sarah Gonsalves, Sarah & Sandeep

Sandeep Gonsalves & Sarah Gonsalves
Sarah & Sandeep

Established in 2012, Sarah & Sandeep is a luxury menswear label...

Sunita Shanker, Label Sunita Shanker

Sunita Shanker
Label Sunita Shanker

Inspired by the rich traditional crafts of India, Sunita Shanker’s work is ...

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...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

September 2021

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

Advanced Search