GWG Action

IFC steps up boost for apparel sector with Trade Supplier Finance for MAS Active

IFC, a member of the World Bank Group has partnered with local apparel manufacturer MAS Active to boost trade opportunities for Sri Lanka’s apparel industry through a trade supplier finance facility.

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Textured Jersey gets bullish; gears for well-knitted future

§  Announces $ 4 m capacity expansion and modernisation project

§  $ 4.5 m multi-fuel boiler and power plant to be commissioned by 2014/15

§  Gets $ 780,000 per annum deal to provide technical service and management to knit fabric manufacturer in India

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Positive turnaround at Hayleys MGT Knitting Mills

After several years of losses, Hayleys MGT Knitting Mills PLC has recorded a Profit After Tax (PAT) of $ 164,225 in Q2 2013/14 compared to a loss of $ 414,324 (after IFRS adjustment) in the same period last year.

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Hela Clothing recognised as ‘Best In Class’ at Levi’s Tops Vendor Summit

On 18 October Levi’s held its first ‘Levi’s Tops Vendor Summit’ in San Francisco, which was attended by Levi Strauss & Company suppliers from around the world.

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Sriyan appointed MD/CEO of Textured Jersey

Textured Jersey Lanka PLC, in a statement released to the CSE, yesterday announced the appointment of Sriyan de Silva Wijeyeratne as Managing Director/CEO of the company with effect from 1 November 2013.

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Coats wins Sri Lanka Fashion and Apparel Award

Coats plc, the world’s leading industrial thread and consumer textile crafts business, has been named joint winner of the ‘Game changer through innovation’ category at the Sri Lanka Fashion and Apparel Awards 2013 held during the recent Sri Lanka Design Festival.  The award was received for Coats’ innovative colour-matching service, Coats Colour Express.

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