Category: Apparel

Nov 06, 2012 (LBO) – Sri Lanka’s Hayleys MGT Knitting Mills Plc, knitted fabric marker said it has cut losses and improved gross margins after going through a restructuring process over the past year. The firm which files US dollar denominated accounts and statements translated into rupees, lost 43 million rupees in the September 2012 […]

Oct 24, 2012 (LBO) – Sri Lanka’s MAS group, which claims to be South Asia’s largest lingerie maker with a billion US dollars of annual revenues has launched its amanté brand in the island after being first released in India in 2007. The firm said it is targeting women between the ages of 21-45 who […]

COLOMBO, Sept 19, 2012 (AFP) – Sri Lanka’s police raided a factory turning out counterfeit ICC World Twenty20 T-shirts and seized stocks of spurious merchandise, a senior officer said Wednesday. Deputy Inspector-General Anura Senanayake said they carried out the crackdown on fake World Twenty20 merchandise following a complaint from the International Cricket Council (ICC) over […]

Sept 12, 2012 (LBO) – Sri Lanka’s Orient Garments Ltd, a listed apparel exporter said a strategy of focusing on children’s had helped it survive a downturn in key Western markets, though both profits and revenues fell. In the year to March 2012, revenues of Orient Garment group fell 4. 7 percent to 3.41 billion […]

Sept 05, 2012 (LBO) – Brandix, a top Sri Lankan apparel exporter has seen strong demand from the US helping offset a slump in Europe demand helping keep revenue growth in positive territory, an official said. Sri Lanka’s apparel exports fell 1.6 percent to 1.98 billion rupees in the first six months of 2012, with […]

Sept 04, 2012 (LBO) – Sri Lanka’s Brandix apparel group said it had set a target to cut its environmental impact by 20 percent in the next eight year after reaching an earlier milestone ahead of schedule. The firm had recycled 961,000 cubic metres of water or 44 percent of its total intake and collects […]

June 20, 2012 (LBO) – Sri Lanka’s Timex and Fergasam group, will begin construction of two energy efficient ‘green’ apparel factories in the northeastern Mannar region this month, the state investment promotion agency said. “Sri Lanka has the advantage of having high environmental standards. Already a number of companies that operate under the BOI regime […]

May 25, 2012 (LBO) – Sri Lanka’s Textured Jersey Plc, said it wants aquire another plant in South Asia to expand production and is looking to move away from furnace oil after a tariff increase, though operating profits increased with falling cotton prices. “Acquisition of operational facilities, which may now be available at a reasonable […]

May 15, 2012 (LBO) – Sri Lanka’s Hayleys MGT Knitting Mills Plc, lost 3. 0 million US dollars in the March 2012 quarter, up 45 percent from a year earlier amid revenue losses and asset write-downs, interim accounts showed. The troubled firm reported losses of 6 cents per share. The stock closed at 8.00 rupees […]

Mar 09, 2012 (LBO) – Demand from the United States for apparels would be strong this year, though Europe may be weak and domestic conditions in China, a key competitor favoured Sri Lanka, a top industry official said. Competitive currency depreciation began during the great depression and was institutionalized as a policy tool partly after […]

Feb 20, 2012 (LBO) – Sri Lanka’s Kuruwita Textile Mills returned to profit in the December 2011 quarter helped by lower cotton prices and lower costs from a revamp that included shedding staff. The firm, which supplies treated fabric to garment manufacturers, said it made a December 2011 quarter net profit of 13 million rupees […]

Feb 15, 2012 (LBO) – Sri Lankan clothing retailer Hameedia has tied up with India’s Madura Fashion & Lifestyle to sell its clothing brands and also open retail stores in the island. We’re going a step further and will make these brands available at several national apparel retail chains in major cities.” Madura Fashion & […]