Following the announcement in September 2011 that Landmark were re entering the wool exporting business by launching the Dalgety Wool Exports vehicle, we are pleased to advise a co-operational agreement has this week been signed with State Development and Investment Corporation (SDIC) for Dalgety Wool Exports to fulfill their commercial orders.

As the largest global procurer of greasy wool, SDIC were the first Chinese delegates to visit Landmark

in Melbourne. 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.

Established on May 5th 1995, SDIC has continuously improved its development strategy, optimising its assets composition, and building a unique tri-pillared business framework that integrates industrial investment, financial services and state owned assets operation. SDIC’s industrial investment focuses on power generation, coal mining, ports and shipping, chemical fertilizer production and other infrastructure or resource orientated fields; including textiles.

In alignment with the signed co-operational agreement, the Dalgety Wool Exports team commenced buying wool this week. They were active in all selling centres buying at auctions in Newcastle, Melbourne and Fremantle.

We thank the newly formed Dalgety Wool Exports team for their outstanding results to date, and wish them every success going forward.

Pictured left to right: Hu Min (SDIC Operations Manager), Polly Feng (SDIC Business Director), John Roberts (GM Dalgety Wool Exports), Henry Wu (SDIC GM Resources), Zhang Shi Quan (Chairman SDIC), Kym Gunn (LMK National Wool Manager), Richard Norton (LMK Managing Director), Cameron Hall (LMK GM Agency Operations), Judy Xhu (Dalgety Wool Exports Sales Manager China)