Category: Apparel

Oct 13, 2010 (LBO) – Sri Lanka is losing ground to China and Bangladesh in the United States apparel market, but the country can retain its place in the top end by banking on non-price competitive strengths, the island’s top US apparel buyer said. “Sri Lanka has not recovered from China’s surge in the US […]

Oct 08, 2010 (LBO) – Bangladesh’s exports of apparel are surging beyond projections as buyers from the European Union shifted orders ahead of Sri Lanka losing preferential duty concessions, a media report said. Sri Lanka has exported 268.1 million US dollars of apparel in July 2010, down 11 percent from 301.3 million US dollars a […]

Oct 01, 2010 (LBO) – Eco-friendly, energy and material-efficient apparel manufacture is giving Sri Lanka an edge over competition despite the loss of European trade concessions, Marks & Spencer, a UK-based retailer said. M&S sells about 4.0 billion Sterling pounds of clothes a year and 21 percent of its products were bought from Sri Lanka, […]

Aug 20, 2010 (LBO) – Sri Lanka’s Kuruwita Textile Mills said it made a net loss of 125 million rupees in the June 2010 quarter as it was hit by record high cotton prices and less demand. Sales fell almost five percent to 1.3 billion rupees over the period, the company, a unit of clothing […]

June 14, 2010 (LBO) – The United Nations Industrial Development Organization (UNIDO) has recommended as a global model an environmentally friendly apparel plant owned by Sri Lanka’s Brandix Group, a statement said. Visiting UNIDO Director General Dr. Kandeh Yumkella toured the facility in Seeduwa, north of Colombo, last week. “I am pleased to recommend this […]

June 04, 2010 (LBO) – Sri Lanka’s Environmental Resources Investment, an investment holding company, has bought control of fabric manufacturer South Asia Textile Industries Lanka for 710 million rupees, according to stock exchange filings. The statement said SATL has had “positive results” from its inception and annual sales of 3.6 billion rupees in 2007 and […]

June 03, 2010 (LBO) – Sri Lanka’s Kuruwita Textile Mills said it returned to profit in the 2010 financial year from losses the year before although a sharp increase in raw material prices caused a loss in the fourth quarter. The firm, which supplies treated fabric to garment manufacturers, made a net profit of 15.6 […]

May 30, 2010 (LBO) – Sri Lanka’s Tri-Star Apparel Exporters group has recruited a batch of ex-Tamil Tiger combatants to work at its garment factories and has expressed willingness to employ more, a media report said. There had been fears of Sri Lanka losing competitiveness as well as loss of trade concessions from Europe later […]

May 12, 2010 (LBO) – Sri Lanka will play host to more than 50 firms in power generation, transmission, and renewable energy at an exhibition in June targeted at foreign and local business visitors, organizers said. Sarwar says the exhibitions also industries using power. Foreign visitors are also billed to attend the exhibitions. The ’02nd […]

May 04, 2010 (LBO) – Sri Lankan apparel exporter Brandix has opened a 1,000-acre ‘Apparel Park’ in India to serve as a hub for manufacturers and suppliers in the south Asian region, a statement said. The facility near the eastern Indian port city of Vishakhapatnam when fully occupied will accommodate up to 20 apparel manufacturing […]

May 03, 2010 (LBO) – Sri Lankan police have arrested several people for intellectual property rights violation after a raid on a factory making fake designs of the Odel fashion brand, the company said in a statement. Odel runs a popular upmarket department store in Sri Lanka’s capital Colombo and has begun setting up branches. […]

Apr 29, 2010 (LBO) – Courtaulds Clothing has signed an agreement with Sri Lanka’s Board of Investment to set up a plant to manufacture knitted fabric for the export market, the investment promotion agency said. Another investment is by Regnis Appliances worth 1.1 million dollars to manufacture and assemble home appliances. An investment agreement for […]