First state-of-the-art Fabric Park opens in SL
Friday, October 19, 2007, 5:19 GMT, ColomboPage News Desk, Sri Lanka.
Oct 19, Colombo: Sri Lanka President Mahinda Rajapaksa will declare open the MAS Holdings' first state-of-the-art, privately owned industrial fabric park, the MAS Fabric Park at Thulhiriya in the Northwestern Province of Sri Lanka today.
The previously state owned Thulhiriya textile mill was later sold to a Korean company that later suspended operations and the investors fled the country.
The government paid compensations to the workers and the factory was auctioned to a private company. In July 2006 the government signed an agreement with the MAS Holdings to redevelop the textile mill and revive it as a textile industrial zone with international standards at a cost of US $100 million.
MAS Holdings specializes in intimates and sports apparel for the world’s leading brands, such as Victoria Secret, Gap, Nike and Mark & Spencer. It operates 28 manufacturing facilities across seven countries.
Friday, October 19, 2007, 5:19 GMT, ColomboPage News Desk, Sri Lanka.
Oct 19, Colombo: Sri Lanka President Mahinda Rajapaksa will declare open the MAS Holdings' first state-of-the-art, privately owned industrial fabric park, the MAS Fabric Park at Thulhiriya in the Northwestern Province of Sri Lanka today.
The previously state owned Thulhiriya textile mill was later sold to a Korean company that later suspended operations and the investors fled the country.
The government paid compensations to the workers and the factory was auctioned to a private company. In July 2006 the government signed an agreement with the MAS Holdings to redevelop the textile mill and revive it as a textile industrial zone with international standards at a cost of US $100 million.
MAS Holdings specializes in intimates and sports apparel for the world’s leading brands, such as Victoria Secret, Gap, Nike and Mark & Spencer. It operates 28 manufacturing facilities across seven countries.
Last edited:
