Posted: 22 November 2012
Borders Yarn Exchange Launches
Textiles companies in the Scottish Borders are set to save thousands of pounds through a new Yarn Exchange scheme initiated by knitwear companies in Galashiels and Hawick. The Yarn Exchange is a specially developed database-driven website that will enable textiles businesses in the region and beyond to sell and buy excess yarn. The site addresses an age-old issue for the textiles industry resulting from the fact that in many cases yarn is sold in minimum order quantities, meaning that even when only a tiny amount is required for a garment a large supply has be purchased. Until now there has been no easy means for companies to utilise the surplus.
Hugh Williams, co-ordinator of the South of Scotland Creative Clusters Project said: “The new Yarn Exchange will enable companies to convert their surplus yarn back into cash by offering it for sale to other textiles businesses. It will benefit both the buyers and the sellers. The sellers get the money and the buyers can access smaller quantities of affordable yarn.”
Currently, the sellers are all textile companies based in Scotland, but there are plans to extend membership to the rest of the UK. This has been a hugely collaborative project between Scottish knitwear designers and manufacturers, local-initiatives and government bodies. Rosemary Eribé, Company director and founder of Eribé, one of the founding companies said: “It’s great to see all the textile companies working together to benefit everyone, in the future it will be through co-operation and sharing resources we can keep this centuries old industry alive. Not only is Yarn Exchange a great marketplace for buying and selling yarn and other materials, our members will also be able to interact with each other through their company profiles and our message boards."
Anyone from another textile company, students or ordinary members of the public can easily access high-quality yarn, haberdashery or machinery using the Yarn Exchange. They do not have to be a member to buy.
Yarn Exchange is supported by the South of Scotland Creative Clusters Project, an initiative managed by Scottish Borders Council in partnership with Business Gateway and part-funded by the European Regional Development Fund, the rest of the funding came from ten of the Borders top textiles companies.
The founding members of Yarn Exchange are; Caerlee Mills, Eribé Knitwear, EMB Knitwear, Gilbert Wilson of Hawick, Hawick Cashmere, Hawick Knitwear, Johnstons of Elgin, Lachlan Munro, Short’s of Hawick and The House of Cheviot.
More details on the initiative can be found at the Yarn Exchange website www.yarnexchange.co.uk.
For further Information please contact:
Veronique AA Lapeyre
+44 1896 755540