New Board for Touchwood

A new Director Board has been appointed to Touchwood Investments Limited (TIL) with the recent equity partnership with LOLC. Rohini Nanayakkara has been appointed Chairperson of TIL, together with three other Board Directors to its Board i.e. Ishara Nanayakkara, Kapila Jayawardene and K.U. Amarasinghe.

TIL is engaged in management of plantation and private forestry and in the sale of plantations as an investment to local and foreign investors.

Coca-Cola to ink Collective Agreement

Coca-Cola Beverages Sri Lanka Limited will enter into a Collective Agreement with Ceylon Mercantile Industrial and General Workers’ Union today, at 1. 45 p.m. at the Employers Federation, Rajagiriya.

This agreement would cover the main terms and conditions of the employment of members belonging to this union. “Signing of this agreement would be a very

important event,” company official said.

MAS Fabric Park opens today

MAS Holdings, supplier for the world’s leading brands in intimates and sportswear, launches its first textile and apparel industrial park in South Asia today.

Located in Thulhiriya, the 165-acre the MAS Fabric Park (MFP) designed to attract textile, accessory and apparel manufacturers into Sri Lanka, will be opened by President Mahinda Rajapaksa.

The MAS Fabric Park’s shared infrastructure and services model facilitates a plug and play solution for manufacturers to commence operations with minimal investment of time and resources, a lean and cost competitive environment with a 65 km location advantage to the port, single window of clearance for cargo, on-site BOI assistance and readily available pool of trained human resources.

Infrastructure facilities include water supply, biological and chemical effluent treatment, standby power, uninterrupted steam and compressed air; all designed to offer a compelling advantage to the globally competitive fabric manufacturer.