Group of Board members Australian Wool Innovation and Australian Wool Services and office bearers of Wool producers met on 12 December 2005 and had very positive discussions on wool industry.
The group recognised the need to protect the wool industry assets which had been built up over many years, and to look for opportunities to better utilise those assets to the benefit of relevant shareholders.
The two companies, AWI and AWS, have decided to appoint a corporate adviser to look at potential integration structures which protect the assets of the Australian wool industry, whilst making sure that any solution would be highly likely to meet agreement of both sets of shareholders.
The three groups agreed to meet again within a month to progress these conversations.
First established as a subsidiary of Australian Wool Services in 2001, Australian Wool Innovation Limited (AWI) became a fully independent public company limited by shares and owned by Australian woolgrowers in 2002.
AWI initiates, commissions and delivers research and development (R&D) to Australian woolgrowers.
They work through alliances and contracts and, where possible, they commercialise R&D outcomes.
Their primary aim is the adoption of technology - on farm and along the global wool pipeline.
Australian Wool Innovation
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