Kimberly Woolen, a Sydney-based wool supplier, announced plans to expand its business to produce other Australian wool products in a blog post.
“We have a number of exciting initiatives in the pipeline,” Kimberly Woolens CEO, Karen Stott, said.
“Among these, our new facility will be able to produce Australian wool fabrics in our new mill, which will allow us to export products to Asia.”
It is also our intention to open a wholesale warehouse in the state of New South Wales, where we will be stocking Australian wool clothing and accessories, as well as our international brands.
“Kimberly has an extensive network of suppliers in Australia and overseas, including Woolworths and Woolworth, and we look forward to collaborating with them to develop new products and create a stronger global presence.”
The Australian Wool Products Association (AWPA) said it welcomed the announcement, as it is an opportunity for Australia’s largest wool supplier to grow its business in a more productive and competitive market.
“This will help ensure the Australian wool industry remains a strong and resilient one in a changing climate,” AWPA chief executive, Peter Gormley, said in a statement.
“By expanding their operations in NSW, they will also provide further value to the industry in terms of the value for money for consumers, and the quality of their products.”
The growth of Australian wool will have a positive impact on the Australian economy and provide many jobs in the sector.
“The announcement follows Woolworth Group’s announcement earlier this year that it would move operations out of Australia and build a new mill in New South a decade ago.
The move will bring more than 1,400 jobs to Australia and create hundreds of thousands of jobs.
In a statement, Woolworth said it would now focus on sourcing the wool from overseas.
The announcement comes after Woolworth announced a move in 2017 to expand in China and move some of its operations to the country, which had been the largest market for wool products.
The company said it was looking to build a global footprint in Asia.