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Wool Stocktake : Annual Report 2006-07
1 Australian Wool Innovation Limited 2006/07 AWI’s mission is to drive research, development, innovation and marketing that will increase the long-term proﬁtability of Australian woolgrowers. Who we are AWI invests in global Research & Development (R&D), innovation and marketing through the entire wool pipeline – from farm to fashion house – in the areas of wool production, textile product development, marketing and industry affairs. Established in 2001, AWI is a not-for-proﬁt company owned by more than 29,000 Australian farmers. AWI looks to fund and commercialise global projects with a range of partners, from scientists through to retailers. AWI aims to get the projects in which it invests, rapidly and widely adopted or commercialised. As this report was published in September 2007, AWI was in the ﬁnal stages of integrating assets of Australian Wo ol Services into its business. As a result of that historic merger, AWI became the owner of Woolmark: the world’s best known textile ﬁbre brand. How we are funded AWI investments are funded through an R&D levy paid by woolgrowers, currently set at two per cent of the sale price received for their shorn greasy wool, and a matching contribution from the Australian government, capped at 0.5 per cent of the value of gross national value of wool production. Woolgrowers vote every three years on the percentage of wool proceeds they would like to invest in wool R&D. The next vote is scheduled for 2009. Where we invest AppArel product development And mArketing AWI provides knowledge, innovation and marketing support to its business-to-business partners with the aim of increasing the demand for Australian Merino wool. Our business-to-business strategy involves working closely with key decision makers in global clothing markets and targeting innovations towards market demand. In this way, AWI aims to ﬁnd new uses for Australian Merino wool and develop products that consumers want to buy. AWI provides its extensive knowledge about wool through the supply chain to its business-to-business partners. AWI’s innovations are either ‘pushed’ into the market place from AWI or are ‘pulled’, based on a request from within the supply chain. We also provide product marketing support to companies wishing to highlight the intrinsic beneﬁts of Merino that exist in their current range or the innovative beneﬁts that exist in a product range created in conjunction with AWI. AWI focuses on the product sectors of: –Knitwear – primarily knitted outerwear garments. –Woven – primarily the development of new casual styles. –Sports/Activewear – performance and premium price products. –Workwear – the corporate and uniform sectors. Wool production AWI works with woolgrowers to help them compete proﬁtably in international markets through the development and adoption of on-farm innovations. AWI aims to help woolgrowers reduce the cost of production on their farms through innovation in the areas of: –Breeding and genetics – providing tools to help woolgrowers identify the best animals from which to breed. –Pastures and environment – projects in plant breeding, grazing management, soils, pasture pests, and weeds. –Animal health and welfare – measures to maintain healthy, productive animals. –Wool harvesting – initiatives to improve the numbers, quality and productivity of shearers and wool handlers. corporAte AffAirs AWI’s Corporate Affairs department works with the Board and other AWI teams to provide effective communication between the company and its key domestic and international stakeholders. Through use of communication channels such as ‘Beyond the Bale’ magazine, the AWI website, public events and forums, as well as the rural and metropolitan media, AWI seeks to inform woolgrowers, the government and users of Australian Merino wool (such as textile manufacturers and retailers) about the importance and value of the industry. Our shareholders by location AWI had 29,232 shareholders at 30 June 2007. The spread of shareholders by location has remained relatively stable compared with the previous year. New South Wale s 10,671 Victoria 6,537 Western Australia 5,293 South Australia 4,755 Queensland 1,089 Tasmania 775 ACT 103 Northern Territory 9 ABOUT AWI
AWI Annual Report 2007-08