WoolWorks spins out wool innovation entity
Prices still ‘sub-economic’ for farmers and NZ needs to speed up efforts to add value to the fibre, says world’s largest scourer by volume.
WoolWorks Ventures aims to add value to the fleece.
New Zealand’s only wool scourer has set up a division to focus on ventures that capture greater market value for wool.
WoolWorks processes 80% of New Zealand’s strong wool, and has established WoolWorks Ventures as a separate entity to explore ways to add value to the fibre.
Despite initiatives
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