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The United States is the main importer of textile goods from Sri Lanka, accounting for 76% of total exports from Sri Lanka. As of 2009, Sri Lanka ranked 12th among apparel exporters to the United States in terms of value. [15] Sri Lanka's partnership was advanced in 2000 in part by setting up logistics centres at key US ports to smooth the ...
The following is a list of countries by textile exports. Data is for 2022, in billions of United States dollars, as reported by The Observatory of Economic Complexity. [1] Currently thirty countries, as of 2022, are listed.
The single largest investment in the 140-plus year history of Hayleys (and the largest acquisition of a public listed company at the time) was the 10.8 billion rupee controlling stake of Singer Sri Lanka in 2017, [32] followed by the buying over of the five-star Ceylon Continental Hotel in Colombo, Sri Lanka (now known as The Kingsbury) in 2010.
The company was listed on the Colombo Stock Exchange in 2003. A fraud incident which was dubbed the biggest in a listed company in Sri Lanka rocked the company in 2011. The company adopted its current name, Hayleys Fabric in 2015. Hayleys Fabric acquired South Asia Textiles Ltd for LKR3.9 billion from Ambeon Holdings in 2021.
Services accounted for 58.2% of Sri Lanka's economy in 2019 up from 54.6% in 2010, industry 27.4% up from 26.4% a decade earlier and agriculture 7.4%. [40] Though there is a competitive export agricultural sector, technological advances have been slow to enter the protected domestic sector. [41]
Brandix Apparel Limited is an apparel manufacturer headquartered in Sri Lanka. [7] [8] The company has branches in the United States of America, United Kingdom, Australia, Singapore, Hong Kong, India, Bangladesh, Cambodia, Mauritius, and the Cayman Islands. It is the single largest employer in Sri Lanka's export sector and the highest foreign ...
MAS Holdings is a Sri Lankan apparel manufacturer. [3] [4] [5] The company was founded in 1987 by Mahesh, Sharad and Ajay Amalean. [6]MAS Holdings began as an underwear manufacturer and later diversified into sportswear, performance wear and swimwear.
This was the largest textile mill in Sri Lanka. The mill was constructed in an area of 14 acres and under one roof. [ 1 ] [ 2 ] In 2006 MAS Holdings established a fabric park in Thulhiriya, the country's first privately owned apparel intensive free trade zone. [ 3 ]