Export arm under way

Landmark's newly formed Dalgety Wool Exports kicked off its commercial operations last month.

In September Landmark announced it would be re-entering the wool exporting business through its Dalgety Wool Exports vehicle.

Landmark general manager agency operations Cameron Hall then said Dalgety Wool Exports would complement its existing investments in the wool industry.

Since its formation, Dalgety Wool Exports has signed a co-operational agreement with the largest state-owned investment holding company in China, the State Development and Investment Corporation (SDIC).

Dalgety Wool Exports general manager John Roberts said the handshake sealed the procurement of commercial orders for the multi-business Chinese company, which includes its textiles division.

"The agreement provides significant support to Dalgety Wool Exports in the form of meaningful long-term demand and should be regarded as a very positive outcome for the wool industry generally," Mr Roberts said.

He said as the largest global procurer of greasy wool, SDIC was the first Chinese delegation to visit Landmark in Melbourne.

Dalgety Wool Exports has been active in all selling centres, buying at auctions in Newcastle, Melbourne and Fremantle over the past three weeks.