Apparel

Sri Lanka made ‘carbon neutral’ bra goes on sale: report

Apr 13, 2011 (LBO) - The world's first 'carbon neutral' bra, made at an eco-friendly factory Sri Lanka that uses hydro electricity, is going on sale at Marks …

Sri Lanka lingerie brand sees strong sales in India

Apr 08, 2011 (LBO) - Sri Lankan apparel exporter MAS Holdings has said sales of its Amante lingerie brand are growing strongly in India and that it hopes to …

Sri Lanka’s Textured Jersey says raised $15.8mn

Apr 05, 2011 (LBO) - Textured Jersey Lanka, a Hong Kong-Sri Lanka joint venture textile firm said it raised 1.74 billion rupees (15.8 million US dollars) …

Sri Lanka apparel maker deepens lingerie focus

Mar 22, 2011 (LBO) - Sri Lanka's Brandix, a top apparel exporter, is expanding its lingerie business by launching a separate division, after getting full …

Sri Lanka textile firm to raise US$26.3mn in equity

Mar 19, 2011 (LBO) - Sri Lanka's Textured Jersey, a textile make owned by Brandix Lanka Ltd and Pacific Textiles of Hong Kong said it is planning to raise 2.9 …

Sri Lanka fabric maker’s losses mount

Mar 02, 2011 (LBO) - Sri Lanka's Kuruwita Textile Mills said slowing sales and high cotton prices have caused mounting losses that it hopes to mitigate by …

Sri Lanka apparel industry shrugs off loss of trade benefit

Feb 03, 2011 (LBO) - Sri Lankan apparel exporters are getting enough overseas orders and not been affected as badly as feared by the loss of duty free access …

Sri Lanka fabric maker in Rs626mn December quarter loss

Feb 02, 2011 (LBO) - Sri Lankan fabric maker Hayleys MGT Knitting Mills made a loss of 626 million rupees (5.6 million US dollars) in the December 2010 quarter …

Sri Lanka fabric maker rating downgraded

Feb 02, 2011 (LBO) - Fitch Ratings Lanka has downgraded Hayleys MGT Knitting Mills (HMGT) to 'BBB(lka)' from 'BBB+(lka)' with a negative outlook, a statement …

Sri Lanka Hayleys MGT Knitting Mills rating downgraded

Dec 15, 2010 (LBO) - Fitch Ratings Lanka has downgraded Hayleys MGT Knitting Mills' (HMGT) national long-term rating to 'BBB(lka)' from 'BBB+(lka)' with a …

Sri Lanka fabric maker on rating watch negative after fraud allegation

Dec 10, 2010 (LBO) - Fitch Ratings said it placed Hayleys MGT Knitting Mills on 'Rating Watch Negative' after the Sri Lankan fabric manufacturer warned of …

Sri Lanka Kuruwita Textile losses mount

Nov 24, 2010 (LBO) - High cotton prices has sharply increased losses at Sri Lankan fabric supplier Kuruwita Textile Mills, which is part of the Brandix apparel …

Sri Lanka apparel group chief says scale can change industry

Nov 12, 2010 (LBO) - Ashroff Omar, head of Sri Lanka's Brandix apparel group had told a global conference that the creation of larger firms can drive research …

Sri Lanka losing ground in US apparel market: Martin Trust

Oct 13, 2010 (LBO) - Sri Lanka is losing ground to China and Bangladesh in the United States apparel market, but the country can retain its place in the top …

Bangladesh apparel exports surge as EU buyers shift from Sri Lanka: report

Oct 08, 2010 (LBO) - Bangladesh's exports of apparel are surging beyond projections as buyers from the European Union shifted orders ahead of Sri Lanka losing …

Sri Lanka eco-friendly apparel making gives edge: Marks & Spencer

Oct 01, 2010 (LBO) - Eco-friendly, energy and material-efficient apparel manufacture is giving Sri Lanka an edge over competition despite the loss of European …

Sri Lanka fabric maker hit by high cotton prices, lower sales

Aug 20, 2010 (LBO) - Sri Lanka's Kuruwita Textile Mills said it made a net loss of 125 million rupees in the June 2010 quarter as it was hit by record high …

Sri Lanka ‘green’ apparel plant seen as global model

June 14, 2010 (LBO) - The United Nations Industrial Development Organization (UNIDO) has recommended as a global model an environmentally friendly apparel …

Sri Lanka ERI takes control of fabric manufacturer

June 04, 2010 (LBO) - Sri Lanka's Environmental Resources Investment, an investment holding company, has bought control of fabric manufacturer South Asia …

Sri Lanka Kuruwita Textiles back in profit

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 …