Topmaker Ceases South African Operations
December 1, 2017

Segard Masurel, the global wool trader, announced Nov. 21 that it will no longer process wool at Cape of Good Hope Wool Combers, situated in Uitenhage, South Africa.

"The changing nature of the wool industry and the change in the South African wool clip mean that the combing of wool in South Africa is no longer competitive in today's global market. It is indeed a hard decision to end a 70-year relationship with Cape of Good Hope Woolcombers," said Olivier Segard, managing director of Segard Masurel group.

"Segard Masurel will continue to work in South Africa, in brokering and exporting greasy wool. Topmaking remains a strong focus for the Segard Masurel group, we will continue our current partnerships with high quality combing mills around the world. The group's industrial customers will be largely unaffected by these changes. Our brokering company, Segard Masurel Wool Brokers Pty Ltd remains committed to our many wool grower customers across the country and they will continue to benefit from the group's wool trading and topmaking expertise."