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


Cavalier Supports Ambitions Of Wool Industry Action Group

New Zealand carpet and wool company, Cavalier Corporation Limited (CAV: NZX), is supportive of the vision outlined in the Vision and Action report released today by the Wool Industry Project Action Group (PAG).

Established to be a catalyst for change in the New Zealand wool sector, particularly strong wool, the PAG report identifies the opportunity for New Zealand’s high-quality strong wool as the preferred choice for the world’s leading fabric, carpet and materials companies.

Cavalier is committed to supporting the drive for positive change in the industry. With more than 50 years’ experience in the flooring sector, Cavalier believes that, for design, innovation and performance on the floor, New Zealand wool is the best fibre available, as well as being 100% biodegradable, renewable and sustainable.

In particular, Cavalier supports the call for “government and all New Zealanders to show greater leadership by incorporating criteria requiring sustainable and environmentally friendly products into purchasing decisions.”

Cavalier’s CEO, Paul Alston, commented: “Who better to lead the change to more sustainable decision making than the New Zealand Government? A simple opportunity would be replacing worn out synthetic carpets in Housing NZ homes with wool carpets, providing warmth, comfort and fire retardant qualities while supporting the New Zealand wool sector. While the quantity of wool involved is modest in the context of the overall New Zealand strong wool clip, it would be another step in the Government’s drive for a better New Zealand for future generations.”

Consumers around the world are becoming increasingly aware of the negative impacts of synthetic fibres – particularly plastic pollution and the use of potentially harmful chemicals. In line with views expressed by participants from across the industry, Cavalier is seeing increasing awareness of, and demand from environmentally and socially conscious consumers for, natural, sustainable fibres.

The company is moving to focus on wool and natural fibres as part of its goal to become a global leader in designing and creating desirable and sustainable interiors. This transformation will take time and investment, however Cavalier has the infrastructure, capabilities and expertise in place to effectively manage the pivot and benefit from evolving consumer trends.

Paul Alston commented: “Wool is the forgotten fibre. The world is changing, and synthetic fibres have had their day. With new thinking and the right focus, strong wool will enjoy something of a renaissance.”

© Scoop Media

Business Headlines | Sci-Tech Headlines


Economy: COVID-19 Lockdown Has Widespread Effects On Labour Market

In the June 2020 quarter, the seasonally adjusted unemployment rate fell to 4.0 percent, down from 4.2 percent last quarter, while underutilisation rose, Stats NZ said today. More>>


NZ Post: New Research By NZ Post Shows Online Shopping Grew 105% In Alert Level 3

New research by NZ Post into how the COVID-19 response has impacted the way Kiwis shop online, shows online shopping increased 105%* when the country moved into Alert Level 3, and may have changed the way Kiwis shop permanently. Online spend peaked ... More>>


Banking: Westpac NZ Lowers Merchant Fees For Small Businesses

Westpac NZ is rolling out a new merchant fee pricing structure that will lead to cost savings for more than 10,000 small and medium Kiwi businesses, and could make contactless transactions more widely available for customers. On 1 September, most ... More>>

REINZ: Million Dollar Plus Property Sales Increase 11.7% Nationally

The number of properties sold around the country for one million dollars or more during the first half (H1) of 2020 increased by 11.7% compared to H1 2019, with 5,426 million-dollar plus properties sold (up from 4,858 in H1 2019) according to the Real ... More>>

Waste: Government To Regulate Plastic Packaging, Tyres, E-Waste

The Government is stepping up action to deal with environmentally harmful products – including plastic packaging, tyres and e-waste – before they become waste. As part of the wider plan to reduce the amount of rubbish ending up in landfills, ... More>>


Bankers Association: Banking Becomes First Living Wage Accredited Industry

Banking has become New Zealand’s first fully living wage accredited industry, leading to nearly 1800 employees and contractors moving onto the living wage and gaining greater economic independence for them and their families. As of today, all ... More>>


QV Valuations: July House Price Index Illustrates Market Resilience

According to the July 2020 QV House Price Index (HPI) results out today , property values recorded a marginal increase, up 0.2% over the month. This is somewhat of a turnaround from June, after the national index edged 0.2% lower. More>>


Property: Queenstown Rents Experience Biggest Drop In Seven Years

Rental prices in the Queenstown-Lakes district saw the biggest annual percentage drop in seven years after falling 28 per cent on June last year, according to the latest Trade Me Rental Price Index. Trade Me Property spokesperson Aaron Clancy said ... More>>

Seismology: The Quiet Earth

As many daily activities came to a halt during lockdown, the Earth itself became quiet, probably quieter than it has been since humans developed the technology to listen in. Seismologists have analysed datasets from more than 300 international ... More>>

RNZ: James Shaw Says Kiwibank, Not Ministers Should Decide On Investors

Climate Change Minister James Shaw says Kiwibank's decision to stop doing business with companies dealing in fossil fuels is the right one. More>>


FMA: Kiwis Confident Financial Markets Will Recover From COVID-19, Plan To Increase Investments

Despite the majority (60%) of investors experiencing losses as a result of COVID-19, the outlook on investing remains positive, according to a Financial Markets Authority (FMA) survey. Most Kiwis (71%) were optimistic that the pandemic will pass eventually ... More>>

FIRST Union: Warehouse Using Covid For Cover As Extensive Restructure Makes Everyone Worse Off

(FIRST Union comments on The Warehouse consultation and proposed restructure) 'Unfortunately the Warehouse have done the disappointing thing and used Covid-19 to justify a bunch of operational business decisions that will leave hundreds of workers without jobs ... More>>


Stats NZ: Mixed Performance By Regions Leaves National Emissions Picture Unchanged

Approximately two-thirds of New Zealand’s regions recorded decreases in their total greenhouse gas emissions, while one-third of regions saw increases between 2007 and 2018, Stats NZ said today. “While some regions reduced their emissions, ... More>>