MAS Holdings (MAS), a Sri Lankan conglomerate and one of the world’s most recognized design-to-delivery solution providers in textile and clothing sector, has unveiled the plaque for its US $ 28 million MAS Fabric Park in Giriulla, Sri Lanka.
The new industrial park will manufacture knitted shoe uppers as well as sportswear and activewear products for MAS’ strategic partner Nike, and bring in US $ 65-75 million in revenue for the company.
MAS hopes to remove the old machinery, refurbish the old factory and set up new equipment according to MAS standards over the next 12 months. It may be mentioned here that apparel manufacturing had begun at the location in 1974 with the establishment of the Mattegama Textile Mill. The 50-acre park will also be used as an entrepot logistics hub.
“At MAS, we need to expand our capacity, and because of the proximity of this location to Thulhiriya and Pannala where we have manufacturing operations, this industrial site in Giriulla is ideally located for our expansion plans to export textiles and clothing,” said Mahesh Amalean, Chairman, MAS.
Currently, the second largest supplier for Nike Worldwide and one of their key supply chain partners, the company seeks an opportunity to double their business as Nike grows their business from US $ 30 billion today to US $ 50 billion by 2020.