MAS Holdings US $ 70 mn knitting plant for Thulhiriya
MAS Holdings expanded its manufacturing scope and value addition to
the industry with an investment in automated knitting technologies,
fully renovating a 200,000 sq. ft. facility to accommodate the largest,
automated knitting plant in the region.
|
Chairman/Director General of BOI, M. M. C. Ferdinando, with
Sharad Amalean, Deputy Chairman, MAS Holdings (center).
Sudarshan Ahangama, Group Finance Director, MAS Holdings
(right). |
With an envisaged investment of just over US $ 70 million backing the
revolutionary plant, MAS Fabrics (Private) Ltd, becomes the group’s
single largest investment in the history of its 25 years of operation.
The facility is located at Thulhiriya, within the MAS Fabric Park, an
industry specific Export Processing Zone falling under the management of
MAS Investments, a division set up by the Group to focus on strategic
investment opportunities. In the past few years, the company broadened
its focus, to provide design to delivery solutions to the global apparel
industry and has diversified into the lifestyle and fashion space. It
has been a steady transformation, from a contract manufacturer to a
company that brings inspirational design and Innovation to global
brands.
“We partner with those who identify with our own value proposition;
we are focused on innovation, and are eager to invest in it” Sharad
Amalean, Deputy Chairman of MAS Holdings quoted. “This is our biggest
technology driven investment to date, and just as we marked Sri Lanka as
an ethical manufacturer on the world map, we aim to promote Sri Lanka as
a technology hub, through MAS Fabrics (Private) Ltd, ready to take on
the challenges of tomorrow”. |
