Future Of Wool

A big vote on the future of wool is happening later this year. 2,100 farmers will vote in November on a proposed merger between grower-owned export and marketing company Wools of New Zealandand Primary Wool Co-operative to form a fully integrated supply chain business. Ahead of the vote Primary Wool Co-operative will become owner of CP Wool with the purchase of Carrfields Ltd’s 50% shareholding. Carrfields Ltd will turn its focus onto the specialist manufacturing of wool and hemp products through its majority ownership of the NZ Natural Fibres business alongside Hemp New Zealand. Chair of WNZ James Parsons says Growers now have the chance to have their say and hopefully deliver the vision and scale required to make a real difference to New Zealand’s struggling wool industry. Primary Wool Co-operative chair Richard Young, says the proposed merger will act as a launch-pad for New Zealand to truly realise the full potential of wool. Wool growers will be able to find out more at nationwide road-show beginning early August.