Apparel Buzz

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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Textured Jersey ups bottom line growth by 68% for 2Q

Textured Jersey Lanka PLC (TJL) yesterday reported a 68% year-on-year bottom line growth for the quarter ended 30 September 2013 (2Q FY2013/14), continuing on its impressive performance.

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Sri Lanka Apparel Exporters Association AGM

The Sri Lanka Apparel Exporters Association held its Annual General Meeting at the Cinnamon Lakeside recently, followed by cocktails hosted by SLAEA Chairman Yohan Lawrence. Special invitees at the function included CBSL Governor Ajith Nivard Cabraal and BOI Chairman Dr. Lakshman Jayaweera

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South Asian Sustainable Fashion Summit

Taking sustainability towards a global consensus

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Aviraté joins hands with Cinnamon to host ‘French Touch 2013’

The high-street fashion label Aviraté will be joining Cinnamon Hotels & Resorts in hosting ‘French Touch 2013’ – a gala fashion event which will be held at Cinnamon Bey Beruwala on 21 November 2013.

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Technology, innovation and design in apparel supply chains

An insightful panel discussion moderated by GT Nexus Founder, Vice Chairman and Chief Strategy Officer Kurt Cavano was held on the topic ‘Technology, Innovation and Design in apparel supply chains,’ featuring Orient Design Chairman Gihan Nanayakkara, Knickerbox Co-founder Janie Schaffer, [TC]2 Chief Executive Officer Dr. Michael Fralix, MAS Holdings Chief Growth Officer Nathan Sivagananathan and Timex Group Chairman Ashraf Sattar. At the discussion, Cavano asked each of them to define innovation in their own words.

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