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Latest Wool Trading News - May 2016

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AWI new focus & company structure

Australian Wool Innovation administers more than AUD 85 million in funding on behalf of around 51,000 Australian wool growers. A recent independent review of AWI has recommended rebranding and restructuring in all areas of the company’s activities including its research and devel...

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Business as usual just got better for Südwolle Group and Safil

The acquisition of Safil by Südwolle Group took the industry by surprise last November. Six months on I asked how this acquisition has been for the Südwolle Group – Safil company. ‘From the outset it was apparent that we could have good synergies. Our companies have had respect f...

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China textile industry – changes ahead

The China Daily reported the slowest quarterly growth in the Chinese economy in seven years. This is in line with expectations and China’s own growth targets. In the final quarter of last year, the economy expanded by 6.8% in the first quarter of the year, says the government. Th...

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IWTO Congress 2016 concluded in Sydney

IWTO Congress 2016 took place in Sydney Australia earlier this month. Over 400 delegates attended the 3 day event organised by Federation of Australian Wool Organisations (FAWO). Delegates were welcomed by HRH The Prince of Wales by video message. Welcome statements were also mad...

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28th Nanjing Wool Market Conference

This year NWM will be held in Wuxi China from 23-25 September 2016. The NWM Conference is organised by China Wool Textile Association (CWTA) and SDIC Trade and NWM. This year the theme is – New Market New Rules. The Conference schedule includes NWM 28th Plenary, 8th Global Wool S...

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New president and vice president elected for Italian Wool Trade Association

Italian Wool Trade Association (IWTA) has elected Piercarlo Zedda as President. Mr Zedda is joint director of Pantex and Vice president of IWTO. Giovanni Schneider was elected Vice President, following in the footsteps of his grandfather.   The Association is in its 96th year. To...

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Australian Wool industry rejects misleading claims

Peak wool industry representative body, WoolProducers Australia, has refuted what it calls the ‘ridiculous claims’ made by animal rights activists PETA regarding the Australian wool industry, in their latest campaign targeting the shearing industry.   Australian wool growers pro...

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Jeanswest introduces new Woolmark knitwear

Jeanswest has launched a new collection of women’s and men’s premium Woolmark-certified knitwear as part of their new Autumn/Winter campaign. Working with The Woolmark Company demonstrates Jeanswest’s continued commitment to increasing their premium category in conjunction with t...

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Why are Chinese companies snapping up overseas assets?

Huawei, Anta (安踏), Metersbonwe (美特斯邦威) Tata (他她)- never heard of some of these names? Well, you better start getting familiar with them. The Chinese corporate bigwigs are coming to town. And they’re making global headlines with their billion dollar deals. The latest to jump on th...

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Bumper sales of Harris Tweed reported

Sales of Harris Tweed last year amounted to 1.7 million metres, the industry’s governing body has said. The Harris Tweed Authority revealed the figure following an event promoting the hand-woven cloth in London. The figure is almost four times the amount of tweed sold when the We...

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Justin O’Shea wins top job at luxury Italian fashion firm Brioni

One of Italy’s top luxury fashion houses, Brioni, is preparing to welcome an “unconventional” new creative director – heavily tattooed Australian Justin O’Shea. The appointment has been widely described as surprising, mostly because Mr O’Shea is a self-taught retailer with no for...

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US economic growth revised upward

The US economy grew at an annualised rate of 1.4% in the fourth quarter of 2015, according to official figures. The US Commerce Department revised its fourth quarter GDP to upward from an initial estimate of 0.7%. Overall, the US economy is estimated to have grown at a rate of 2....

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ITMA ASIA + CITME exhibition over 90% sold

Leading textile machinery makers have snapped up space at this year’s ITMA ASIA + CITME exhibition, which will be held from 21 to 25 October in Shanghai, China. At the close of space applications, over 90 per cent of the 180,000 square metres of exhibition space had been sold.   ...

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Sports apparel focus on comfort, protection and style

Today’s consumers of snow sports apparel are demanding clothing which — as well as being breathable, water repellent and wind repellent — is comfortable, environmentally sustainable, protective and stylish, according to a report in the latest issue of Performance Apparel Markets ...

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Oerlikon acquires Truetzschler’s staple fiber technology

This month Oerlikon announced that it has signed an agreement to acquire the entire staple fibers technology portfolio of Trützschler Nonwovens & Man-Made Fibers GmbH, Egelsbach, Germany. This company is part of the German Truetzschler Group, which is a specialist in fiber prepar...

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US creates 215,000 jobs in March

The US economy added 215,000 jobs in March, a little less than it did in February when 242,000 jobs were created. The unemployment rate has risen to 5% from 4.9%, which was an eight-year low. The Labor Department said more Americans were finding jobs, which suggested a sign of co...

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