A State government package aimed at rescuing the troubled WA carpet yarn manufacturer, Albany Woolen Mills, has come up trumps with news that an Indonesian company will establish an $18 million synthetic yarn and rug manufacturing facility in Perth. Albany Woollen Mills was put into administration in January after the announcing it had lost $774,000 in the six months to December 31. The government said in return for its $4 million incentive package, yarn and carpet manufacturer Nobel Investments has agreed to take over the 72-year-old mills and establish a polypropylene yarn manufacturing facility in Canning Vale. WA Trade and Regional Development minister Hendy Cowan said a further 33 jobs would be created at Canning Vale and about 100 jobs would be retained at the Albany operation.
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