102nd Annual General Meeting

Written by CCWG Tuesday, May 19, 2020

2020

NOTICE OF ANNUAL GENERAL MEETING / AVIS DE L'ASSEMBLÉE GÉNÉRALE ANNUELLE

102nd Annual General Meeting of the / la 102e l'assemblée générale annuelle de
Canadian Co-operative Wool Growers Limited

The CCWG Board of Directors have made the difficult decision to cancel the physical AGM that was previously planned to take place on October 17, 2020 in Prince George, BC.

As an alternative the AGM will now be presented in a virtual format via Zoom.
Full details to be advised at a later date.

CCWG & Coronavirus

Written by CCWG Thursday, March 19, 2020

CCWG and Coronavirus - update

Dear Family, Friends, Loyal Customers and Staff,

We all know too well the effects that Covid-19 (Coronavirus) has had on

our communities across the country and around the world. We have been closely monitoring statements from the national and provincial Chief Medical Officers and other Government officials and conducting our business operations accordingly.

Our company has already implemented significant steps to minimize the health and safety risks to both our staff, customers whilst still servicing customers. We have invoked social distancing policies as well as increased cleaning and sanitization of our facilities and equipment. We have also made available easy access to hygiene products at all of our locations.

Customer access to our retail stores will be restricted. The Real Wool Shop will be closed effective immediately until further notice, but some staff will be retained to process phone and online orders. Phone orders can also be picked up at the branch locations. Online orders will continue to be shipped as per our...

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Wool Growers thrive amid global downturn

Written by Tom Van Dusen Friday, January 17, 2020

The century old woolgrowers' co-op has seen sales rise even as global demand has dropped.

Carleton Place - Although it depends on an international market which has been experiencing “rough ride”, Canadian Co-Operative Wool Grower continues to post warm and fuzzy numbers.

“Wool prices have been quite volatile which has created chaotic conditions for mills and de-valued inventories,” says CCWG General Manager, Eric Bjergso. “European processors have reported consumer demand has dropped by more than 20 per cent due to trade and economic uncertainty.”

Within this context, in the last fiscal, CCWG recorded gross sales of more than $11.5 million representing an increase of 11.2 % over the previous fiscal while achieving net income of $514,135 from all business operations.

In terms of wool production, a 9.7 % increase was recorded.

Profitablility was up at CCWG retail locations across the land to the tune of9.7 % over the previous discal year; as a result of the respectable numbers, the board of directors once again authourized a dividend payment o 7% to all...

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CCWG Wool Market and Business Update – Fall 2019

Written by CCWG Friday, November 15, 2019

CCWG Wool Market and Business Update – Fall 2019

2018 / 19 Wool Market Update

The wool market has been experiencing quite a rough ride for the current wool marketing year. During the first quarter the market seemed to be on track for stable conditions with both fine wool and crossbred types achieving reasonable prices and demand. There were expectations at the time that good progress was being made for a new China / USA trade agreement.

This situation however was short lived from April onwards as a number of factors came into play. Traditionally the market for wool is at its best and consumer confidence is greatest when there is positive growth in global economies and a stable worldwide political environment. The current situation of widespread indecision and uncertainty has had a detrimental effect on all value chain partners within the entire wool textile industry. China is the world’s largest market for woolen garments of which approximately 45% is for domestic consumption and the remaining 55% for export. The escalation of the China / USA...

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