Category: Apparel

June 04, 2010 (LBO) – Sri Lanka’s Environmental Resources Investment, an investment holding company, has bought control of fabric manufacturer South Asia Textile Industries Lanka for 710 million rupees, according to stock exchange filings. The statement said SATL has had “positive results” from its inception and annual sales of 3.6 billion rupees in 2007 and […]

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 sharp increase in raw material prices caused a loss in the fourth quarter. The firm, which supplies treated fabric to garment manufacturers, made a net profit of 15.6 […]

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 expressed willingness to employ more, a media report said. There had been fears of Sri Lanka losing competitiveness as well as loss of trade concessions from Europe later […]

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 at foreign and local business visitors, organizers said. Sarwar says the exhibitions also industries using power. Foreign visitors are also billed to attend the exhibitions. The ’02nd […]

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 the south Asian region, a statement said. The facility near the eastern Indian port city of Vishakhapatnam when fully occupied will accommodate up to 20 apparel manufacturing […]

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 the Odel fashion brand, the company said in a statement. Odel runs a popular upmarket department store in Sri Lanka’s capital Colombo and has begun setting up branches. […]

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 export market, the investment promotion agency said. Another investment is by Regnis Appliances worth 1.1 million dollars to manufacture and assemble home appliances. An investment agreement for […]

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 with a German supplier that will also reduce pollution. Brandix Group said in a statement the deal to trial the ‘Chemical Leasing’ (ChL) concept methodology […]

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 key markets requiring disclosure of carbon footprints of products. The group, which has invested four million US dollars on the initiative, said it has already reduced its […]

Feb 19, 2010 (LBO) – The Board of Investment, Sri Lanka’s investment promotion agency, said it has given approval for investors, including a Hong Kong firm, to set up clothing factories for export. The announcement came just days after the European Union said it will withdraw duty free access given to Sri Lanka because of […]

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 quarter although sales were stagnant, signaling a turnaround from losses caused by recession. The firm, which supplies treated fabric to garment manufacturers, said it will reduce reliance on buyers […]

Feb 16, 2010 (LBO) – Sri Lankan exporters of apparel, the island’s main industrial export, said the withdrawal of European Union trade benefits would increase costs and erode their competitiveness. European Union nations decided Monday to withdraw the ˜GSP Plus’ preferential trade benefits from Sri Lanka because of what the EU Commission called “significant shortcomings” […]