Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Primary Wool Cooperative announces dividend payment

26 February 2013

Primary Wool Cooperative announces dividend payment

Primary Wool Cooperative announces that on February 19, 2013, the Directors approved the payment of a 10% dividend to members. This comes on top of the annual 3 cents per kilogram rebate and last year’s 5% dividend, meaning that over the past 3 years, rebates and dividends have totalled an impressive $1.1M. These rebates and dividends, along with significant funding of industry-good activities such as the Campaign for Wool, demonstrate some of the ways Primary Wool Cooperative is delivering real benefit to the industry.

This is more good news for Primary Wool Cooperative, with the Just ShornTM brand being successfully rolled out into over 480 carpet retailers across North America and Canada on February the 18th 2013.

The Coop and its joint venture partner Elders Rural Holdings, believe Elders Primary Wool can lead the way with their wool marketing initiative, placing the Just ShornTM brand in ‘Carpet One’ and ‘Flooring America’ stores. These stores are the largest and most experienced flooring retailers in the North American and Canadian markets. This programme is the culmination of 4 years investment by Elders Primary Wool into the Just ShornTM New Zealand wool carpet branding initiative, designed to increase returns to growers.

“Building the Just ShornTM brand is one of the most innovative and commercially sensible ways we can serve the wool industry in the marketplace,” says Bay de Lautour, Primary Wool Cooperative Chairman. “The time is right for us to now pay our second cash dividend in successive years. This dividend is the result of our leading position and is an important part of our commitment to bringing value to the growing number of coop members”.

About Primary Wool Cooperative Limited (PWC)
Primary Wool Cooperative Limited (PWC) was formed by a group of local farmers in 1974 to increase the returns for wool growers. Over the ensuing decades, membership has grown to nearly 1,000 and significant investment and involvement has been made in the NZ wool industry. The proven grower owned and controlled cooperative structure remains paramount.

PWC has a 50% shareholding in Elders Primary Wool (EPW) and two PWC Directors sit on the EPW Board to actively represent the interests of Cooperative members. International market access through the marketing initiatives of EPW direct to the lucrative American consumer market will help to continue the objectives that were present at the Cooperative’s inception – increased returns for wool growers.

Cooperative membership delivers significant benefits to wool growers. Members not only get a reduction on charges but also increased prices for quality wool and a share in the profits of Elders Primary Wool.

About CCA Global Partners Inc
CCA Global Partners® is a privately held cooperative based in the United States with member businesses in the U.S., Canada, Australia, and New Zealand. For nearly a quarter of a century, CCA Global has partnered with entrepreneurial businesspeople to create a cooperative retail powerhouse unmatched in the marketplace. With 14 independent business brands and more than 2,700 locations, CCA Global Partners® is well positioned to positively impact the success of independent businesses. For more information on CCA Global Partners®, go to

About Just ShornTM
Just ShornTM is a registered trademark of Wool Marketing Enterprises Limited. Just ShornTM branded carpets are produced under license from premium, sustainably grown New Zealand wool. Wool Marketing Enterprises is owned by Elders Primary Wool which is a 50/50 joint venture between farmer-owned cooperative, Primary Wool Cooperative Limited; and an agribusiness corporation, Elders Rural Holdings Limited. For more information on Just ShornTM,, go to


© Scoop Media

Business Headlines | Sci-Tech Headlines


Trade: NZ Trade Deficit Widens To A Record In September

Oct. 27 (BusinessDesk) - New Zealand's monthly trade deficit widened to a record in September as meat exports dropped to their lowest level in more than three years. More>>


Animal Welfare: Cruel Practices Condemned By DairyNZ Chief

DairyNZ chief executive Tim Mackle says cruel and illegal practices are not in any way condoned or accepted by the industry as part of dairy farming.

Tim says the video released today by Farmwatch shows some footage of transport companies and their workers, as well as some unacceptable behaviour by farmers of dragging calves. More>>


Postnatal Depression: 'The Thief That Steals Motherhood' - Alison McCulloch

Post-natal depression is a sly and cruel illness, described by one expert as ‘the thief that steals motherhood’, it creeps up on its victims, hiding behind the stress and exhaustion of being a new parent, catching many women unaware and unprepared. More>>


DIY: Kiwi Ingenuity And Masking Tape Saves Chick

Kiwi ingenuity and masking tape has saved a Kiwi chick after its egg was badly damaged endangering the chick's life. The egg was delivered to Kiwi Encounter at Rainbow Springs in Rotorua 14 days ago by a DOC worker with a large hole in its shell and against all odds has just successfully hatched. More>>


International Trade: Key To Lead Mission To India; ASEAN FTA Review Announced

Prime Minister John Key will lead a trade delegation to India next week, saying the pursuit of a free trade agreement with the protectionist giant is "the primary reason we're going" but playing down the likelihood of early progress. More>>



MYOB: Digital Signatures Go Live

From today, Inland Revenue will begin accepting “digital signatures”, saving businesses and their accountants a huge amount of administration time and further reducing the need for pen and paper in the workplace. More>>

Oil Searches: Norway's Statoil Quits Reinga Basin

Statoil, the Norwegian state-owned oil company, has given up oil and gas exploration in Northland's Reinga Basin, saying the probably of a find was 'too low'. More>>


Modern Living: Auckland Development Blowouts Reminiscent Of Run Up To GFC

The collapse of property developments in Auckland is "almost groundhog day" to the run-up of the global financial crisis in 2007/2008 as banks refuse to fund projects due to blowouts in construction and labour costs, says John Kensington, the author of KPMG's Financial Institutions Performance Survey. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news