MAS Holdings, a technology apparel design-to-delivery solutions provider based in Sri Lanka, has announced the location of its first manufacturing and development centre in Asheboro, USA with an investment of US $ 20 million. The centre will create 133 new jobs.
The apparel manufacturer has been working to integrate technology into clothing, partnering with startup companies in the Silicon Valley region of California and in New York in the fields of wearable technology and health and wellness. Its selection of North Carolina location includes a pending acquisition of Acme-McCrary, a textile manufacturer in Asheboro. Additionally, as per Roy Cooper, Governor, North Carolina (USA), the region enjoys a worldwide reputation as a centre for textile research and workers. Excellent business climate and location offer international firms an ideal place to reach and serve customers in the United States.
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“We are delighted to be associated with Acme-McCrary, whose values and philosophy are very much in alignment with MAS. Our presence in the Western Hemisphere enables us to strengthen our value propositions of speed and flexibility offered through on-shore and near-shore operations to our customers. It also enables us to engage and strengthen our continued association with academia and research institutions in the U.S. We are appreciative of the support and assistance extended to us by the state, county, city and its officials and look forward to integrating and contributing to the community in North Carolina,” said Mahesh Amalean, Chairman, MAS Holdings.
A performance-based grant of US $ 575,000 from the One North Carolina Fund will help facilitate MAS Holdings’ location into Randolph County. Furthermore, to its new job-creation target, the company is required to retain 374 jobs located in North Carolina at Acme-McCrary.