Sri Lanka Hayleys MGT Knitting Mills rating downgraded
Dec 15, 2010 (LBO) - Fitch Ratings Lanka has downgraded Hayleys MGT Knitting Mills' (HMGT) national long-term rating to 'BBB(lka)' from 'BBB+(lka)' with a …
Apparel
Sri Lanka fabric maker on rating watch negative after fraud allegation
Dec 10, 2010 (LBO) - Fitch Ratings said it placed Hayleys MGT Knitting Mills on 'Rating Watch Negative' after the Sri Lankan fabric manufacturer warned of …
Sri Lanka Kuruwita Textile losses mount
Nov 24, 2010 (LBO) - High cotton prices has sharply increased losses at Sri Lankan fabric supplier Kuruwita Textile Mills, which is part of the Brandix apparel …
Sri Lanka apparel group chief says scale can change industry
Nov 12, 2010 (LBO) - Ashroff Omar, head of Sri Lanka's Brandix apparel group had told a global conference that the creation of larger firms can drive research …
Sri Lanka losing ground in US apparel market: Martin Trust
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 …
Bangladesh apparel exports surge as EU buyers shift from Sri Lanka: report
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 …
Sri Lanka eco-friendly apparel making gives edge: Marks & Spencer
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 …
Sri Lanka fabric maker hit by high cotton prices, lower sales
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 …
Sri Lanka ‘green’ apparel plant seen as global model
June 14, 2010 (LBO) - The United Nations Industrial Development Organization (UNIDO) has recommended as a global model an environmentally friendly apparel …
Sri Lanka ERI takes control of fabric manufacturer
June 04, 2010 (LBO) - Sri Lanka's Environmental Resources Investment, an investment holding company, has bought control of fabric manufacturer South Asia …
Sri Lanka Kuruwita Textiles back in profit
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 …
Sri Lanka ex-Tiger combatants in apparel jobs: report
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 …
Sri Lanka to host power, renewable energy expo in June
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 …
Sri Lanka Brandix opens apparel export hub in India
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 …
Sri Lanka police arrest counterfeiters, says clothing brand
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 …
Sri Lanka to get Courtaulds clothing plant
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 …
Sri Lanka apparel exporter cuts chemical use, costs
Apr 26, 2010 (LBO) - Brandix, one of Sri Lanka's top apparel exporters, said it aims to cut chemical use by about a quarter and reduce costs through a deal …
Sri Lanka apparel exporter gets ready for carbon footprint rules
Apr 02, 2010 (LBO) - Sri Lankan apparel exporter Brandix said it is investing more to cut energy costs and carbon emissions and comply with anticipated laws in …
Sri Lanka gets more garment factories
Feb 19, 2010 (LBO) – The Board of Investment, Sri Lanka’s investment promotion agency, said it has given approval for investors, including a Hong …
Sri Lanka Kuruwita Textiles profits up on cost cutting
Feb 19, 2010 (LBO) – Sri Lanka's Kuruwita Textile Mills said tight cost control helped generate a net profit of 81.7 million rupees in the December …