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Latest Wool Trading News - November 2015

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Südwolle Group acquires Italian yarn manufacturers Safil and GTI

Complementary acquisitions enable Südwolle Group to further diversify its product portfolios in customized and luxury yarns as well as to expand its European footprint. The acquisition of Safil and GTI will enable Südwolle Group to leverage its global reach for further growth. Ma...

The Woolmark Company invites industry to partner it in innovation

Jimmy Jackson, General Manager Product Development and Commercialisation at The Woolmark Company (TWC) has invited the wool industry to engage with TWC to develop further innovations in the wool industry. ‘If you have half an idea or even no idea’, he said, ‘at TWC / AWI we are o...

European wool processor calls for action on mulesing

One of the world’s largest wool processors is calling for leadership from the industry to reduce the practice of mulesing. London-based director Laurence Modiano has previously campaigned against the practice of mulesing in the wool industry. Mr Modiano said there was significant...

UK Wool sales 20 October 2015

The seventh sale of the 2015/16 Season was held by the British Wool Marketing Board at Wool House and offered 2,061,158 kgs. There was a good level of demand at the sale with the market firm across most of the range on offer. With just over 2 million kgs sold the clearance was 98...

Merger of two NZ scouring companies one step closer

The New Zealand Commerce Commission has issued yet another ‘Draft Determination’ on the merger of Cavalier Woolscourers and New Zealand Wool Services International the two remaining scouring companies in New Zealand. The Commission again stated that it is likely that it will appr...

nsc fibre to yarn to showcase new GS machinery at ITMA 2015

nsc fibre to yarn will feature its latest innovations at ITMA exhibition in Milan this November. Its new GS will take centre stage along with the GN8 intersecting machine and its new worsted carding machine.   NSC is a leading manufacturer of textile machinery from fibre to yarn ...

Südwolle Group expands further into Turkey

Südwolle Group, the worsted spinner based in Nürnberg, Germany has announced an increased presence in the Turkish Market. Südwolle Group has established a subsidiary company in Turkey to increase service levels for its wool-based yarns to the textile industry there.   The move re...

IWTO announces the Wool Veterans Programme

A tailor-made two-day package at a special rate for retired wool industry professionals aged 65 years and older is being offered for the 2016 IWTO Congress. IWTO invites applications now.   IWTO says the Wool Veterans Programme at the 2016 IWTO Congress is a great way to catch up...

Italian textile machinery delegation to visit Iran

To consolidate its presence in the Iranian textile industry, Italian textile machinery association – ACIMIT is participating in an Italian trade mission to Iran in late November.   This follows from the agreement reached in July on nuclear talks between P5+1 countries and Iran wh...

Ralph Lauren gets new chief executive

Designer Ralph Lauren, who pioneered a luxury lifestyle look, has stepped down as chief executive of the fashion company he founded nearly 50 years ago. Mr Lauren has given the role to Stefan Larsson, the president of the Gap-owned budget chain, Old Navy. Mr Larsson will report t...

ITMA 2015 – focuses on sustainable innovation

ITMA has been the world’s most established textile and garment machinery exhibition since 1951. Over the years, it has been a catalyst for change and competitiveness for the industry. The drive towards sustainability in the entire textile and garment value chain is increasingly i...

China’s economic growth slows to 6.9%

China’s economy grew 6.9% in the third quarter, the weakest rate since the global financial crisis. The year-on-year growth rate is also below the government’s 7% target. Though slightly above expectations, the data is expected to raise pressure on policymakers to step up monetar...

UK Wool Week 2015 launched with ‘Sheep on The Row’

UK Wool Week took place on 5 to 11th October with more than 100 retailers including Hackett London, Smalls, Selfridges, Wool and The Gang, Topshop, Genevieve Sweeney, Capsu-Wool and Finisterre uniting to highlight the innovative ways in which wool is used from fashion to interior...

Cambodia raises minimum wage for textiles workers

Cambodia agreed to raise the minimum wage for workers in its crucial textiles and footwear sector to $140 per month from next year, short of the figures demanded by powerful trade unions long at odds with the government over pay. The decision followed a vote among representatives...

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