Posts tagged "Wools of New Zealand"

Online platform for selling wool to launch this month

[9 May/Radio NZ] Later this month, the Natural Fibre Exchange will go live and be a means of buying and selling wool. It was set up by Wools of New Zealand, Alliance Group and CRA International. Wool New Zealand Chief Executive, Rosstan Mazey, said he hoped the market would appeal to people who bought wool...

Wools of NZ strategies for the future

[30 November/ NZ Herald] Wools of New Zealand held their Annual General Meeting in Christchurch last week. Wools of New Zealand Chairman, Mark Shadbolt said the company would drive towards revolutionising the industry through a focus on research and development, the development of innovative technologies, and product authenticity initiatives. Mr Shadbolt added that ongoing success...

Wool bosses happy with performance

[28 November/ NZ Herald] Wools of New Zealand Chairman, Mark Shadbolt said he was satisfied with the company’s performance for the 2017 financial year amid challenging market conditions. The company reported a net loss after tax of $321k, compared with a net profit after tax of $1.48 million in the previous year. Mr Shadbolt said...

Wools NZ makes its first profit

 [10 October/ NZ Farmers Weekly] Wools of New Zealand announced that it has made its first after tax profit of $1.48 million in the year ended 30 June 2016, compared to a loss of $1.05 million in the year ended 30 June 2015. Wools of New Zealand Chairman, Mark Shadbolt said the company had worked...

Wool stoush ‘positive’!

[23 August/ Rural News] Wools of New Zealand Chairman, Mark Shadbolt said the recent attacks on the company by its former chief executive had turned out to be a positive. Mr Shadbolt added that the company had received a strong acknowledgement of support from not only growers, but from the industry in New Zealand and...

Wools of NZ urged to merge with NZ Merino

[15 August/ Business Day: NZ Farmer] Former Wools of New Zealand (WONZ) Chief Executive, Ross Townshend said the co-operative should merge with New Zealand Merino as he did not believe its balance sheet would survive past 2018. Mr Townshend’s comment resulted in WONZ Chairman, Mark Shadbolt revealing that it would declare a net profit of...

Wairarapa farmer on SFF board

[15 December/ Otago Daily Times] Wairarapa Sheep Farmer, Tony O’Boyle has been elected as the new director on the board of Silver Fern Farms. Mr O’Boyle will fill the vacancy made available by the retirement of long-standing director, Angus Mabin. Silver Fern Farms Chairman, Rob Hewett thanked Mr Mabin for his dedication while on the...

New boss for WNZ

[20 August/ Rural News] Turners & Growers Global Marketing Manager, Rosstan Mazey has been appointed as the next new chief executive of Wools of New Zealand. Wools of New Zealand Chairman, Mark Shadbolt said Mr Mazey has good experience in the international marketplace and in dealing with growers. Mr Mazey said he hoped to increase...

New lamb’s wool prices ‘break new ground’

[13 August/ Radio NZ Rural] Wools of New Zealand Chairman, Mark Shadbolt said the increased price farmers are being offered for lamb’s wool is breaking new ground. The company is to pay farmers a contract price of $7.50 a kilo for 28 to 31.5 micron lamb’s wool produced this season, an increase of 15 cents...

Townshend steps down

[16 March/ NZ Farmers Weekly] Wools of New Zealand Chief Executive, Ross Townshend has left the company to pursue other business interests, after two years in charge. Mr Townshend believed Wools of New Zealand was making good progress on its ‘Direct to Scour’ arrangements for farmers supplying wool. Mr Townshend added that recent supply volumes...

Wool programme aiming to deliver stability

[28 November/ Ogato Daily Times] The wool marketing and sales company, Wools of New Zealand has launched an annual wool commitment programme, called Staple, aimed at providing certainty of supply to customers direct from growers, allowing planning and confidence of meeting contracts. Wools of New Zealand CEO, Ross Townshend said it was an important tool...

Wool growers offered supply contracts

[14 November/ Business Day] Wools of New Zealand will offer contracts to growers in return for a commitment to supply a specified amount of wool, with growers who join the Staple programme and supply the average shareholder production of 24,000 kilograms receiving a rebate of $1,005 for the commitment. Wools of New Zealand CEO, Ross...

Wool levy vote worthwhile

[31 October/ Otago Daily Times] Federated Farmers National President and South Canterbury farmer, William Rolleston said that feedback from his district indicates that most farmers voted in favour of reinstating a wool levy to promote wool. He expressed his disappointment that money would not be made available to fund research and development, adding Government funding...

Wool research head defends levy plan

[25 September/ Radio New Zealand Rural] With just over two weeks remaining, over 20 percent of sheep farmers have voted in the referendum to re-establish the compulsory wool levy, which will be used for non-commercial activities such as communication, education and innovation of the industry. Wools of New Zealand has questioned the need for a...

Farmers told to question need for wool levy

[8 September/ Radio New Zealand Rural] In anticipation of the farmer vote on a proposal to reintroduce a compulsory wool levy, chairman of the farmer owned company, Wools of New Zealand, Mark Shadbolt said that farmers need to question whether there is a need to reintroduce the levy. The farmer and the wool industry group...

Chance for unified wool lobby

[21 May/ Otago Daily Times] The Wool Levy Group chairwoman, Sandra Faulkner said that a positive result for the wool levy referendum in October will enable the industry to fund a new industry body to undertake industry-good activities benefiting farmers. She said that the levy would equate to $4.6 million at $0.03 per kilogram for...

Rapid growth in direct to scour

[11 April/ Rural News Group] Wools of New Zealand said that the Direct-to-Scour spot market sales option volumes have reached approximately 350,000kgs, with annual volumes expected to reach between 3.5-4 million kg within its first year (approximately 8% of the market). Wools of New Zealand CEO, Ross Townshend told shareholder growers and supporters that the...

Little enthusiasm for wool levy

 [31 March/ NZ Farmer Weekly] Wools of New Zealand chairman, Mark Shadbold said that it was not up to commercial businesses to recommend how shareholders should vote on the wool levy, but he added that looking at the millions of wasted dollars in the past, a high level of confidence would be required as to...

‘Farm to floor’ collaboration advised

 [5 November/ Otago Daily Times] Wools of New Zealand chairman, Mark Shadbolt, has said in the company’s first annual report since it completed its capital raising that the volatile returns for meat and wool over many years highlight the need for change and a more collaborative approach from ‘farm to floor’.  Mr Shadbolt said the...

Higher wool prices for top quality

 [14 October/ NZX Agri News Group] Although many farmers are seeking to gain $6 a kilogram for their wool, many market commentators are stating that they will need to put a large effort in to earn it. Mark Shadbolt, Chairman for Wools of New Zealand told farms at the company’s recent roadshow that they would...

Wool growers called on to be patient

 [7 October/ Otago Daily Times] As Wools of New Zealand continues the process of improving the profitability of its grower shareholders, strong-wool growers have been urged to remain patient. Since the company’s capitalisation was completed in March this year, Wools of New Zealand has held a series of road shows throughout the country and has...

New wool industry agreement

 [26 September/ Radio New Zealand Rural] The New Zealand Wool industry has announced a new alliance with Wools of New Zealand signing a service agreement with the largest exporter, New Zealand Wool Services International. Through the agreement, Wool Services will take care of the logistics involved in moving wool from the farms, to the scourers...

New CEO appointed

 [14 June/ Rural News] Wools of New Zealand has appointed a new CEO – Waikato sheep farmer and Tatua director, Ross Townshend. The appointment follows the capitalisation of Wools of NZ in March. In addition to his farming credentials, Mr Townshend holds a Bachelor of Technology from Massey University and an Advanced Management programme (AMP)...