Shandong RuYi moves in on Lempriere Australia

Annabelle Cleeland
Updated May 27 2016 - 5:12pm, first published 12:30pm
Mecardo wool market analyst Robert Herrmann said of the news an Australian trading house had been sold to a Chinese company was a symptom of an industry with declining volume, "rationalisation is inevitable".
Mecardo wool market analyst Robert Herrmann said of the news an Australian trading house had been sold to a Chinese company was a symptom of an industry with declining volume, "rationalisation is inevitable".

BIG Chinese-based textile group Shandong RuYi has made moves to buy the trading division of one of the country's oldest wool companies, Lempriere Australia.

Annabelle Cleeland

Annabelle Cleeland

National Sheep & Wool Writer

Annabelle Cleeland is Fairfax Media’s national sheep and wool writer. Annabelle joined the Fairfax team in 2012 to nurture her love of Australian agriculture. She began as the Victorian western district reporter at Stock & Land before taking on a senior position as a journalist reporting on all industries statewide. Annabelle’s appetite to report on issues which affect the sheep and wool industry has seen her travel to many parts of Australia and abroad. She is excited to spin industry yarns during a period of substantial demand for the sheepmeat and wool industries. Annabelle enjoys horse riding and climbing mountains, and is a lazy supporter of the Geelong Football Club.

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