” rating confirmed, outlook negative

Nov 30, 2009 (LBO) – Fitch Ratings Lanka said it has confirmed Hayleys MGT Knitting Mills’ (HMGT) National Long-term rating at ‘BBB+(lka)’ and lowered the outlook to negative from stable. Fitch said in a statement the fabric maker faces possible loss of duty free access to key European markets and expiry of a tax holiday […]

Sri Lanka Hayleys ups stake in fabric unit

Sept 24, 2009 (LBO) – Sri Lanka’s Hayleys group said it has increased control of its fabric manufacturing unit, Hayleys-MGT Knitting Mills, after a mandatory offer to buy up shares of other shareholders. The firm said earlier that independent advice provided by Merchant Bank of Sri Lanka on the mandatory offer has found the price […]

Sri Lanka apparel exporter goes east

Sept 02, 2009 (LBO) – A big Sri Lankan apparel exporter has set up a new factory in the east after it was cleared of Tamil Tiger rebels, saying its main baby wear product has not been affected by the slump in demand caused by recession. buy clomiphene online https://qpharmacorp.com/wp-content/uploads/2023/08/png/clomiphene.html no prescription pharmacy online pharmacy […]

Sri Lanka apparel firm to make fleece fabric

Aug 20, 2009 (LBO) – Textured Jersey Lanka (TJL), a joint venture between Pacific Textiles and Sri Lankan apparel export group Brandix, said it plans to produce fleece fabric for Victoria’s Secret Pink loungewear brand. The firm also has wide-ranging finishing capabilities such as encapsulation, moisture management, seeding and other customized finishes, the statement said. […]

Sri Lanka apparel maker in post-war manufacture

June 16, 2009 (LBO) – Brandix, a top Sri Lankan apparel maker, is planning to boost production at a factory built in Batticaloa, a former war-torn area in the east of the island where ex-female Tiger combatants are also working, an official said. buy vidalista online buy vidalista generic buy symbicort online buy symbicort online […]

‘s 2008-09 profit slumps

May 15, 2009 (LBO) – Sri Lanka’s Hayleys MGT Knitting Mills said net profit slumped 45 percent to 3.2 million US dollars in the 2008-09 financial year from a year ago as orders and profit margins fell. The firm, the cotton and synthetic fabric manufacturing unit of the Hayeys group, said in a statement that […]

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