Curtis Wool Direct

AWI 2015/16 annual report highlights achievements

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Australian Wool Innovation published its annual report earlier this week. It highlights its main achievements in research and development as well as its marketing activities. The report paints a reasonably positive picture for the Australian wool industry and the financial wellbeing of the AWI.

AWI revenue for 2015/16 was $79. million an increase of $5 million on 2014/15 year. $50. million comes from wool levees. The Australian government contributed an additional $13.5 million. Licensing fees, interest, and royalties represented a further $12. million. The sale of goods and services and other revenues represented just over $3. million.

Expenditure in 2016/15 was $25. million on on-farm research and development, just over $28. million on global marketing, corporate services and international network $23. million.

According to the annual report highlights in off-farm research and development included a new range of innovative wool fabrics developed with Nanshan Group, skin health studies, and work it is undertaking in Viet Nam to establish a new supply chain and development of wool products for the Vietnamese textile industry.

In global marketing AWI highlighted Campaign for Wool, international Woolmark price, and The Wool Lab as main projects.

 

 

 

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