Released on = June 2, 2007, 1:27 am

Press Release Author = Bharat Book Bureau

Industry = Marketing

Press Release Summary = Textiles and apparel in Sri Lanka generate 53% of foreign
earnings and employ one in six of the working population. The apparel industry
suffers from a lack of raw materials although much investment has gone into textile
mills, finishing plants and accessories factories

Press Release Body = Profiles of Textile and Apparel Companies in Sri Lanka

Textiles and apparel in Sri Lanka generate 53% of foreign earnings and employ one in
six of the working population. The apparel industry suffers from a lack of raw
materials although much investment has gone into textile mills, finishing plants and
accessories factories. Brandix Lanka makes woven and knitted apparel. In 2003 it
accounted for 6% of Sri Lanka's garment exports and for 0.4% of its GDP. The company
aims to double its turnover by 2007. The Hirdaramani Group makes knitted and woven
apparel for men, women and children. Its annual turnover exceeds US$100 mn, and it
exports 18 mn garments a year. Lanka Equities makes brassières, lingerie, sleepwear,
casual trousers, formal and casual shirts and blouses, and casual activewear
jackets. Capacity amounts to 1 mn pieces a month and is expanding. MAS Holdings,
built on the basis of partnerships, had a turnover of US$375 mn in 2003 after
growing by 20-30% year-on- year since 1997. It has 25 manufacturing facilities in
China, India, Indonesia, Madagascar, Maldives, Sri Lanka, and Vietnam. Ocean Lanka,
Sri Lanka's largest circular knitting plant with a turnover of around US$42 mn a
year, is a joint venture between Hong Kong-based Fountain Set, Brandix, and
Hirdaramani. Quenby Printing Investments comprises two joint ventures in
screen-printing, transfer printing and rotary printing. Textured Jersey Lanka is a
venture between Hong Kong's Pacific Textiles and Linea Clothing-itself a joint
venture between MAS Holdings and Brandix Lanka. The company makes knitted, dyed and
finished weft knitted fabric and aims to double capacity by 2005


For more information, Please visit : http://www.bharatbook.com/detail.asp?id

Web Site = www.bharatbook.com

Contact Details = 207, Hermes Atrium,
Sector 11, Plot No.57
CBD Belapur