Crossbred wool has a future - but its uses need to be
diversified instead of just concentrating on carpets.
That is the belief of Arrowtown man Tom Murdoch, a former
manager of the Alliance Textiles mill in Oamaru (now Summit
Mr Murdoch, who spent 28 years in Oamaru, has had a long
involvement with the wool industry.
Before moving to Oamaru, he ran a factory in Mauritius which
produced knitted Shetland garments. After leaving North
Otago, he got involved in a spinning mill in Bangkok and then
helped set up a dye-house.
These days, he was ''trading a bit'' in wool in some
''I sell wool in Iran, North Korea and a few places like that
that people don't go to."
Mr Murdoch was interested in the capital-raising attempt by
Wools of New Zealand. Strong wool growers have been asked to
subscribe for shares at a ratio of one share for every 2kg of
their annual strong wool production, with a minimum
subscription of 5000 shares at $1 per share. The company's
objective was to raise $10 million, although the offer would
proceed with a minimum of $5 million. The offer closes at 5pm
on Friday. The vision was to be the leading innovative sales
and marketing company for New Zealand strong wool, while the
mission was to progressively improve the profitability of
Mr Murdoch described it as a ''brave attempt'' to do
something and, after attending one of the roadshows, he
believed chairman Mark Shadbolt had some good ideas in
Mr Shadbolt had the ''right idea'' for crossbred wool, but it
was a pity that he wanted farmers to pay for it, Mr Murdoch
New Zealand crossbred wool could bebe used in a lot of things
and it was a pity to concentrate on carpets. He believed more
effort should be put into producing garments.
Wools of New Zealand has urged growers to ''seriously
evaluate'' the investment offer and make a considered
decision aimed at underpinning their wool returns and
ensuring the long-term viability of the sheep industry.
In a statement, the company said it had spent considerable
time meeting all sectors of the industry in New Zealand and
internationally building strong collaborative relationships
and it was now pursuing commercial opportunities with supply
chain participants ''for mutual benefit''.
The directors were pleased with the co-operation andprogress
made to date.