New Zealand’s Government has officially directed all government agencies to use wool fibre products in the construction and refurbishment of public buildings, starting July 1. This policy move fulfils a coalition agreement promise between the National Party and NZ First. Announced by Economic Growth Minister Nicola Willis and Wool Minister Mark Patterson, the directive requires the use of wool “where practical and appropriate,” with a focus on promoting local industry and sustainable building practices. The initiative applies to new government building projects as well as renovations and will support the struggling wool sector by increasing demand. While the government has yet to clarify the full implementation framework, the announcement marks a significant shift toward supporting natural fibres in public procurement. Industry groups have welcomed the decision, seeing it as a step towards revitalising New Zealand’s wool industry and reducing reliance on synthetic alternatives.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com
May 19, 2025
May 19, 2025
May 16, 2025
May 16, 2025
May 15, 2025
May 15, 2025
May 14, 2025
May 14, 2025
May 13, 2025
May 13, 2025
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva New Zealand Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
