Fashion industry’s plan to add $4b spin to old yarn

Australia is the largest producer of wool in the world, and while the fibre was once spun and finished here, ready to be made into new garments, since the 1980s it has been shipped overseas – resulting in an estimated $2.6 billion annual loss for the fashion industry.

On Thursday, the Australian Fashion Council announced the “National Manufacturing Strategy for Australian Fashion and Textiles” with industry partner RM Williams and a parliamentary committee steered by federal Labor MP Matt Burnell.