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Reda Italian textile firm plans to double its requirement for Australian wool

Related Keywords: based in Biella, diversified into burgeoning active wear, future wool requirements, in next six years, Italian high end fabric and clothing manufacturer, luxury weaver known for wool suits, mainly benefiting Australian wool growers, manufacturer will be doubling amount of wool it buys, northern Italy, presented a business plan outlining, Reda

Reda Italian high end fabric and clothing manufacturer based in Biella in northern Italy recently presented a business plan outlining its future wool requirements. The manufacturer will be doubling the amount of wool it buys in the next six years, mainly benefiting the Australian wool growers.

Of the 22,000 bales of greasy wool it uses, 80 percent is sourced from Australian wool growers. However, superfine wool prices in Australia have been at their highest in more than five years.

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