Consortium revives New Zealand wool spinning plant (New Zealand)
Qualityarns NZ Ltd , a producer of wool knitting and weaving yarns has been revived, due to efforts of a consortium of Wool Equities and a few knitting companies.
The wool spinner stopped its plant late last year, blaming high compliance costs and competition from imported yarns.
Wool Equities, which is body owned by farmers has a 77 percent stake in the consortium and has invested NZ $300,000 to restart the unit.
The spinning plant is expected to restart by the end of this week.
The wool spinner stopped its plant late last year, blaming high compliance costs and competition from imported yarns.
Wool Equities, which is body owned by farmers has a 77 percent stake in the consortium and has invested NZ $300,000 to restart the unit.
The spinning plant is expected to restart by the end of this week.
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文章关键词： New Zealand wool spinning plant
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