Hendy Cowan

Hendy Cowan

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    Ways to avoid closure of Albany Woollen Mills being considered

    15/02/1996 12:00 AM
     

    15/2/96

     

    The State Government is considering ways to avoid closure of one of Albany’s biggest employers, the Albany Woollen Mills.

     

    Regional Development Minister Hendy Cowan said the Government was continuing discussions with parties interested in taking over some, or all, of the company’s operations.

     

    Those talks would explore ways in which the Government could be of assistance.

     

    Mr Cowan said that Cabinet was prepared to consider a range of measures, depending on the nature of specific proposals presented.

     

    There would be close liaison with the administrator appointed to Albany Woollen Mills  regarding future prospects and to see if retrenchments could be minimised.

     

    Mr Cowan said the Government had held talks with two companies interested in purchasing Albany Woollen Mills in recent months.

     

    Staff at the company had written to him seeking Government financial support to keep the Albany operation going.

     

    “This Government is very mindful of their concerns and of the important role Albany Woollen Mills plays in the town,” Mr Cowan said.

     

    “At the same time, we have a responsibility to ensure that taxpayers’ funds are spent prudently.

     

    “Any assistance offered by the Government would have to be on the basis that changes are made in the company’s operations which would improve its viability.

     

    “That would most likely involve the Albany operation becoming part of a larger, vertically integrated wool processing company that manufactured more than yarn.”

     

    Mr Cowan said the Great Southern Development Commission and the Department of Commerce and Trade were also playing an important role in maximising outcomes for staff at Albany Woollen Mills.

     

    Media contact:  Peter Jackson 222 9595