Prestige also obtains order from Canada

Press, 24 May 1977, Page 23

Prestige also obtains order from Canada

PA Auckland Prestige-Holeproof (N.Z.),> Ltd. has secured a sizeable; order with a Canadian retail chain for the supply of wooland knitting yarn. The company would not : disclose the actual value of; the order, but the general i manager of its spun yarn, (division (Mr A. R. Stevens); said the initial shipment was bigger than any single ship- j (rnent the group has sent to; Australia. ; The price received for the! wool was about $ll a kilo toj ] the company. Its selling price! ■ would depend on the retailer,! but mark-ups in Canada were, higher than those in New! (Zealand. i The success of Prestige-: ; Holeproof in the Canadian! I market accompanies that of! jMosgiel. Ltd. Earlier this! j month Mosgiel said that it! | had won a contract to supply! ■hand-knitting yarn worth! (more than $500,000 to a! (major Canadian company; during the coming year. Yarn exports by Prestige-! Holeproof were running at an ■ annual rate of about $600,000.1 It was hoped the latest] shipment, which was twice as: .Targe as any sent to Myers! in Australia, would lead to! ' further orders. As well as adding to sales.■ exports are beneficial to the'

!:yam-making groups in other! ways. ;| Because of seasonal differ-J [iences, shipments to the! northern hemisphere enable; J the companies to maintain ; j production. In the past, most Canadian J shops have concentrated on, isvnthetic knitting vam sales.; iiThe latest sales have been; (seen as an important break-; (through and the Prestige-! J Holeproof yarn will be re- ! ceiving promotional support j (from the Wool Bureau of! ■ Canada when it goes on sale! Jin July. Prestige-Holeproof says! that its exports of hand-j (knitting yarns have increased; 1 600 per cent in less than four; ■years. On one occasion the! (company had to charter an; J aircraft to meet one Austra-j ; lian order of 35.000 packs. ; I Prestige-Holeproof has also; (opened un a new hosiery fac-l jtory in Glenfield. Auckland.] (This new pantyhose operation; will employ more than 30 (people. ■ 4.G.M. date changed ■ The annual meeting of the Christchurch Gas Coal and. (Coke, Co, Ltd. will now be (held on June 28. and not (June 21 as previously announced.