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

Pic: Shutterstock

Textiles | On 22nd Feb 2020

Pharr sells Pharr High Performance to Coats Group

Pharr, a provider of differentiated textile products and assorted...

Pic: Shutterstock

Textiles | On 22nd Feb 2020

TOAI highlights importance of textiles in auto industry

The first edition of the conference 'Textile Opportunities in a...

Pic: Shutterstock

Textiles | On 22nd Feb 2020

Cocona's 37.5 fibres to have new biodegradable additive

All of the 37.5 staple fibres and filament yarns by Cocona, will now...

Interviews View All

Textile industry, Head honchos

Textile industry
Head honchos

Relaxation in FDI norms will support growth of retail sector

Md Hanifur Rahman, Aman Group

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Mukesh Agarwal & Rajesh Agarwal, Madhuram Fincap Pvt Ltd

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Kuldeep Pareek,

Kuldeep Pareek

Italian company Schoch Reeds has been producing high-quality weaving reeds ...

Abhishek Pachauri,

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Uhan Soebiantoro,

Uhan Soebiantoro

Luckytex is an integrated textile manufacturing company founded by...

Chunyi Zhi, City University of Hong Kong

Chunyi Zhi
City University of Hong Kong

<div><b>Chunyi Zhi</b>, associate professor in the Department of Materials ...

Paige Mullis, Glen Raven Inc

Paige Mullis
Glen Raven Inc

Paige Mullis discusses the expansion plans of Glen Raven Inc in India, and ...

Ian Russell, Pireta

Ian Russell
Pireta

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

Bani Batra,

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Nisha Chanda, Whistling Woods International School of Fashion

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

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


February 2020

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


Advanced Search