Botany-based Standard Universal Group, a fabric manufacturer, will shut its premises this week.
Fairfax reports that Standard, NSW’s last major remaining textile firm, has blamed weak local demand and the historically strong Australian dollar for its situation.
Steve Davies of the NSW branch of the Textile Clothing & Footwear Union of Australia, said that it was now practically impossible to buy bulk quantities of Australian-made fabric, and that the “nail in the coffin” was the decision by Supre to outsource its fabric supply to China.
''Mass manufacture of material in Australia is a dying trade,'' Davies told Fairfax.
''But nobody seems to have noticed.''
Standard is a family-owned company, established almost half a century ago, according to the biography on its website.