Category: Apparel
Teejay extends partnership with University of Moratuwa
Teejay Lanka PLC, one of the largest knit fabric providers in South Asia, has announced an extension of its support to the University of Moratuwa for another two years, further strengthening a long standing and mutually beneficial partnership. A memorandum of understanding first signed in 2014 provided the now tight-knit organisations with a framework for […]
Swim Week Colombo to showcase Sri Lanka as an international hub
Aug 02, 2019 (LBO) – The fifth edition of OLU Swim Week Colombo will unveil the latest trends in swim and luxury resort wear presented by 9 Sri Lankan designers and 6 international designers, as well as a newly conceptualized live fashion presentation by 8 high potential emerging designers. This season, CFW Swim Week Colombo […]
Teejay reports Q1 net profit growth of 62-pct
Aug 02, 2019 (LBO) – Teejay Lanka PLC has made a strong start to 2019-20, reporting excellent top and bottom line growth at group and company level through efficient capacity utilisation, an improved product mix and effective curbing of non-strategic costs. Sri Lanka’s only multinational textile manufacturer reported group net profit of 453.7 million rupees […]
Teejay makes strong start to 2019-20
Teejay Lanka PLC has made a strong start to 2019-20, reporting excellent top and bottom line growth at Group and Company level through efficient capacity utilisation, an improved product mix and effective curbing of non-strategic costs. Sri Lanka’s only multinational textile manufacturer reported Group net profit of Rs 453.7 million and net profit of Rs […]
Knit fabric maker Teejay announces plans to diversify in to lace
Jul 25, 2019 (LBO) – Teejay Lanka PLC, Sri Lanka’s only multinational textile mill, has announced plans to partner with a leading Chinese company to venture into the manufacture of lace, thereby significantly expanding the Company’s product portfolio. As a first step, Teejay is to commence dying, finishing, and scalloping of raw lace material supplied […]
‘s private sector opposes SLPA tariff hike at this juncture
May 04, 2019 (LBO) – Sri Lanka’s private sector firms have strongly opposed the unilateral decision by the Sri Lanka Ports Authority (SLPA) to increase port tariffs.In a joint statement, the private sector representatives involved in the import-export business said the opposition to the tariff hike is based on several reasons. “Amongst them is the […]
Teejay reports 9-month net profit of Rs 1.26Bn
Feb 08, 2019 (LBO) – Teejay Lanka PLC has achieved its fifth consecutive quarter of top and bottom line growth in the third quarter of 2018-19, demonstrating its resilience during a period of higher raw material and utility costs. Reporting revenue of Rs 23.0 billion for the nine months ending 31st December 2018, a growth […]
Sri Lanka exports grow 4.1-pct USD980Mn in Nov 2018
Jan 29, 2019 (LBO) – Sri Lanka’s deficit in the trade account narrowed significantly in November 2018 (year-on-year) following a decline in import expenditure, the Central Bank said. Exports grew by 4.1 per cent while imports contracted by 9.1 per cent in November 2018 (year-on-year). “The deficit in the trade account narrowed significantly in November […]
‘s Hela Clothing secures private capital infusion of Rs.1.2Bn
Nov 27, 2018 (LBO) – Hela Clothing Group, an apparel manufacturer has secured a capital infusion of 1.2 billion rupees through a mix of shareholder and new private equity investment funds.The funds are from a private consortium whose lead investor has a wide portfolio including private equity investments in the fashion and retail space, the Company […]
Sri Lanka BoI ink four investment deals
Nov 23, 2018 (LBO) – The Board of Investment of Sri Lanka recently signed four agreements for projects in apparel, logistics, plant tissue and packaging, a statement from the investment promotion agency said. The first agreement was with First Steps Babywear Lanka (Private) Ltd which will be setting up a manufacturing plant with to produce garments […]
H One launches machine management solution for apparel industry
Nov 19, 2018 (LBO) – H One, a IT solutions provider, launched Res.Q| MI; an all-encompassing machine management solution designed with both large and small-scale factories in mind. Res.Q Machine Inventory is a revolutionary new asset management solution which leverages the capabilities of NFC (Near Field Communication) technology for the management, protection, and maintenance of one […]
Teejay 6-month net profit up 20-pct to Rs.705Mn
Nov 01, 2018 (LBO) – Sri Lanka’s Teejay Lanka PLC, a textile manufacturer, has reported sales of 14.4 billion rupees and profit after tax of 704.8 million rupees at Group level for the six months ending 30th September 2018. This reflects a healthy growth of 25 percent and 20 percent respectively for the period, the […]