Oct 22, 2019 (LBO) – Sri Lanka’s Board of Investment has signed a deal with Omega Line to reconstruct its factory complex at the existing premises at Sandalankawa as an expansion project, representing an additional investment of 24 million US dollars.
The Agreement was signed by BOI Chairman, Mangala Yapa and Vincenzo Joppolo, Chairman of Omega Line Group in Sri Lanka on behalf of Omega Line Limited, which is a major manufacturer of lingerie in Italy.
“The factory will be producing lingerie. They will be sold under the brands of Intimissimi, Tezenis, Calzedonia, and Falconeri,” Joppolo stated.
The new factory which will be built will have an area of 17,000 sq meters with much more modern machinery and will be employing over 3,000 staff.
“We are part of the Calzedonia group which has over 4,600 shops in 42 countries including in Europe, USA, Japan, China and most recently, in Korea.”