Cormar Carpets

September 07, 2011 10:24 ET

Cormar Carpets on BBC News Over Concerns on Escalating Wool Prices

LONDON, UNITED KINGDOM--(Marketwire - Sept. 7, 2011) - Leading British carpet manufacturer, Cormar Carpets, made an appearance on BBC Breakfast as the news channel investigated the effects of rising British wool prices.

Looking into the problems it was causing in the industry, the programme spoke to David Cormack, marketing director of Cormar Carpets. He said: "Everyone within the woollen carpet industry is experiencing the problems associated with the rising costs of wool. As a result of the increases we have seen woollen yarn prices increase dramatically and at the moment there are no signs of prices coming down."

The BBC report, which aired on Tuesday September 6, said that wool prices are now at their highest level in 25 years. The principal reasons for the escalating costs are the increase in global demand for wool and falling supply, due to a reduction in sheep numbers in both UK and the New Zealand. It also said this was having a knock on effect with many UK yarn spinners that rely on wool, seeing a slow down in sales and production.

As part of the report, a BBC crew filmed at Cormar Carpet's Holme Mill tufting production unit in Lancashire and interviewed David Cormack. He told BBC reporter, Jenny Hill: "As a British manufacturer, we really want to support British Wool but because of the increase of cost to the business we've had to look at producing alternative products to offer more choice for our retailers and consumers."

For more information on the BBC report visit http://www.bbc.co.uk/news/business-14802419.

All Cormar's wool and polypropylene carpets are produced on site at its two Lancashire mills and distributed in the UK and Eire via its own delivery fleet. For more information visit http://www.cormarcarpets.co.uk.

Note to editors –

In August, Cormar carpets were voted Best Carpet Manufacturer 2011 by readers of flooring trade publication Interiors Monthly.

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