Category: Apparel

Nov 15, 2011 (LBO) – Textured Jersey Lanka, a Sri Lankan knitted fabric maker supplying apparel exporters, has begun work to reduce greenhouse gas emissions, aiming to meet a global standard that enables emissions trading. A manufacturer of weft-knitted and dyed stretch fabrics, Textured Jersey is a supplier for international brands like Victoria’s Secret, Marks […]

Nov 04, 2011 (LBO) – Sri Lanka’s Hayleys MGT Knitting Mills (HMGT) made a loss of 1.7 million US dollars in the September 2011 quarter compared with a 486,095 dollar profit a year ago. The firm, part of the Hayleys group, said in a stock exchange filing that sales fell 19 percent to 15.5 million […]

Sept 11, 2011 (LBO) – Sri Lanka’s Daya Apparel Export is setting up three factories in eastern Amparai district, part of the former war zone, with 20 production lines capable of exporting over 2. 4 million pieces of apparel a year. “The project will emphasize equitable employment opportunities for both women and men. ” The […]

Aug 06, 2011 (LBO) – Sri Lanka’s Textured Jersey, a knitwear making unit of Sri Lanka’s Brandix apparel group said profits in the June 2011 quarter rose 136 percent to 143.9 million from a year earlier, despite a rise in cotton prices. The firm will have 655 million shares after the initial offer. Last year […]

Aug 05, 2011 (LBO) – Calzedonia Finanziaria of Luxembourg has started building an apparel factory in Sri Lanka’s northern Vavuniya expected to start in October 2011 that will employ 1,500 people when it reaches full capacity. It now employs over 3,000 people to manufacture lingerie and has made total investments of about 45 million dollars […]

Aug 03, 2011 (LBO) – Sri Lanka’s Hayleys MGT, a knitwear maker, said it lost 171 million rupees in the June 2011 quarter from a year erarlier, as revenues fell 9 percent to 1. 43 billion rupees. Gross profits fell to 111 million rupees in the quarter from 246 million rupees a year earlier and […]

Aug 03, 2011 (LBO) – Sri Lanka plans to revive its handloom textile industry in the war-torn north-east with a project modelled on the Rwandan Peace Collection where baskets woven by war-widows were sold at Macy’s department stores. “Local handloom producers need to develop and use natural dyes, such as spices, flowers and wood chips. […]

Aug 01, 2011 (LBO) – Sri Lanka’s Finco group has sold a controlling stake in listed Orient Garments to PC House Holdings, an unlisted firm and its chairman Mohamed Rishan for 600 million rupees, officials said. Finco vice president Priyanjith Weerasooriya said the group wanted to focus on the leisure sector. The group is building […]

July 20, 2011 (LBO) – Sri Lankan apparel exporter Brandix has got latest global energy management certification less than a month after its release which it said would give the firm a competitive edge as an eco-friendly manufacturer. The Brandix Group claimed it has become the first apparel manufacturer in the world to receive ISO […]

July 18, 2011 (LBO) – Sri Lankan fabric supplier Textured Jersey Lanka’s initial public offer of 80 million shares to raise 1.2 billion rupees drew applications for thrice as many shares worth almost 3. 7 billion rupees. The regulators moved after complaints small investors were being edged out by the use of bank guarantees. A […]

July 16, 2011 (LBO) – Sri Lanka’s Brandix apparel group, will invest 14 million US dollars in a garment manufacturing unit in Bangladesh’s Comilla export processing zone, a media report said. It has also invested in India, where the group runs a 1,000 acre industrial estate, Brandix India Apparel City in Visakhapatnam in the eastern […]

June 30, 2011 (LBO) – Sri Lanka’s Finco group has reduced its stake in Orient Garments, a newly-listed apparel subsidiary, when it began trading Wednesday, a stock exchange filing said. Finco Holdings, which held 80.98 percent of Orient Garments, sold 10,983,400 shares of its holding constituting 20 percent of the apparel exporter’s issued capital at […]