AU Topmaking Plant Closing
June 10, 2005
June 10, 2005 -- Australia?s largest wool topmaking plant will close its doors by the end of July.
Elders, the owner of Australian Topmaking Services, will move all of its topmaking operations offshore. The general manager of wool with Elders says topmaking is no longer economically viable in Australia.
In the last five years, the number of combing mills in Australia has gone from nine to two, largely due to biggest customer China?s switch to combing at home instead of buying tops from Australia, reported The Wool Record Weekly.