The last remaining wool top and scouring plant in Australia is closing its doors.
Principal of Fletcher's International, Roger Fletcher, says no workers will lose their jobs as 40 staff will be absorbed into other areas of his operation. He blames the high Australian dollar, Australia's lack of competitiveness in the international processing market and high production costs for the closure.
"Anywhere we are doing manufacturing or value adding, we are non-competitive to other countries," he said. "Even for us to cart a load of wool from Sydney back to Dubbo, you can cart it from Sydney to China cheaper."
Reprinted in part from ABC Australia