Category: Apparel

June 27, 2011 (LBO) – Sri Lanka is seeing a surge in demand for apparels abroad which may allow the sector to meet industry targets earlier than planned, the island’s largest single garment exporter said. Sri Lanka’s Joint Apparel Export Forum, an industry body has forecasted apparel exports to reach 5.0 billion dollars by 2015, […]

June 28, 2011 (LBO) – Orient Garments, Sri Lanka’s firm apparel manufacture to be listed on the Colombo Stock Exchange will be offered for trading from June 29, at an introductory price of 23 rupees. Orient Garments had posted revenues of 2. 8 billion rupees in the year to March 2011 with profits of 125. […]

June 27, 2011 (LBO) – Sri Lanka has begun luring back foreign apparel buyers who shifted to other Asian producers following the global economic crisis after they failed to meet buyer expectations, an exporter has said. It has five garment manufacturing plants with almost 1,500 direct sewing machines, two embroidery units with 105 embroidery sewing […]

June 27, 2011 (LBO) – Sri Lanka is fast becoming a niche producer of knitwear with the with finished products exports growing faster than those with woven cloth, partly due to the country’s specialization in intimate apparel, officials said. Omar says Textured Jersey could catch a part of the market, which is about three times […]

June 23, 2011 (LBO) – Orient Garments that is to list on Colombo Stock Exchange’s second board made a net profit of 96.7 million rupees in the 11 months to February 28, 2011, up 9.7 percent from a year ago. Orient Garments is to list 54,916,656 shares through a process of ‘introduction’ where a formal […]

June 20, 2011 (LBO) – Textured Jersey Lanka, a Hong Kong Sri Lanka joint venture textile firm said it is raising 1.2 billion rupees in an initial public offer by selling 80 million shares at 15 rupees. In April the firm said it raised 1.74 billion rupees through a private placement. The Colombo Stock Exchange […]

June 20, 2011 (LBO) – Sri Lankan fabric supplier Textured Jersey Lanka plans to use funds raised through a private placement and a forthcoming public offer to expand production and buy modern machinery to improve efficiency. Subsequent to the IPO, Pacific Textiles, through its wholly owned subsidiary Pacific Textured Jersey Holdings, and Brandix Lanka, will […]

June 07, 2011 (LBO) – Orient Garments Limited, a unit of Sri Lanka’s Finco group of companies will be listed on Colombo Stock Exchange’s second board, making it the first apparel maker to go public. At one time, two privatized textile firms were listed but they were unable to compete after import duty protection was […]

June 06, 2011 (LBO) – Sri Lanka’s Kuruwita Textile Mills slipped back into the red in the financial year to March 2011 with sales also down and a new managing director being hired to turn the company around. The company, which is part of the Brandix apparel export group, said in a stock exchange filing […]

May 12, 2011 (LBO) – Sri Lankan fabric maker Hayleys MGT Knitting Mills made a loss of seven million US dollars in the financial year ended March 2011 following provisioning after an audit inquiry into a fraud. Annual sales rose 17 percent to 58 million US dollars,according to interim results filed with the stock exchange […]

DHAKA, May 11, 2011 (AFP) – Bangladesh’s prison authorities on Wednesday announced plans to set up garment factories in the country’s overcrowded jails in a bid to help convicts acquire skills and make money. The project, which has not yet been approved by the government, aims to set up factories first in major prisons before […]

Apr 13, 2011 (LBO) – The world’s first ‘carbon neutral’ bra, made at an eco-friendly factory Sri Lanka that uses hydro electricity, is going on sale at Marks and Spencer (M&S), a UK based retailer, a media report said. Sri Lanka is a key supplier of lingerie to top global brands. The country’s top apparel […]