News: Wools of New Zealand highlights EU Ecolabel in strong results
WNZ Chairman Mark Shadbolt said the EU Ecolabel lambs wool contract was again a highlight of the year.
Tuesday, 8th November 2016
Established in 2013 with farmer capital, the Wools of New Zealand's maiden profit was on the back of a 16 per cent lift in wool sales, helping push revenues past NZ$30 million for the first time. This was despite factors such as the Brexit result, the high New Zealand dollar and reduced Chinese demand. Chairman Mark Shadbolt said the WNZ EU Ecolabel lambs wool contract was again a highlight of the year.
"Now in its fifth successful year our lambs wool offer remains as one of our flagship contracts, providing value and certainty for our shareholder growers and our customers," Mark Shadbolt said.
The EU Ecolabel helps European consumers identify products with a reduced environmental impact.
Extension of validity of existing criteria for Printed Paper and Rinse-off Cosmetics and 2 other groups being considered
A written vote has taken place to extend the validity of criteria for 4 product groups: Printed Paper, Rinse-off Cosmetics and Absorbent Hygiene Products.
Revised criteria for 4 product groups approved at the June meeting of the EU Ecolabel Regulatory Committee
The revised criteria for copying & graphic paper, newsprint, tissue paper and lubricants were approved at a meeting of the EU Ecolabel Regulatory Committee on 29th June 2018.
Transitional period for revised EU Ecolabel criteria for Detergents extended
Commission Decision (EU) 2017/1214 set revised criteria for various types of detergents. In order to give current licence holders more time to adapt their products to comply the transitional period has been extended from 12 to 18 months