The British textile industry is bedevilled by paradox.
Exports of woollen fabrics in volume are up over more than 10 per cent; deliveries of man-made fabrics have fallen.
Woollen manufacturers, having retracted production capacity during the last decade, cannot satisfy their customers’ demands. Manmade production capacity is still greater than demand requires. Wool processors find themselves dependent on export demand. Many companies sell more than 75 per cent of their production overseas; in some cases a
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Press, 14 March 1985, Page 8
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76Untitled Press, 14 March 1985, Page 8
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