The Taiwan Textiles Fairs in South Asia 2014 will bring together leading suppliers of textiles and related products from Taiwan, in order to showcase innovative and high performance functional textiles to Sri Lankan apparel manufacturers, on 24 and 25 November at the Grand Crystal Ballroom of the Taj Samudra Hotel.
If any individual can be considered the father of Sri Lanka’s emergence as an apparel manufacturer of global significance it would be Martin Trust, as a tribute to whom a coffee table book has been published by the Brandix Group on behalf of the industryand Trust’s Sri Lankan business partners.
Textured Jersey Lanka PLC (TJL) has reported a top line of Rs. 3.5 b and net profit of Rs. 282 m for the quarter ended 30 September 2014 (2Q FY2014/15).
According to TJL Chairman Bill Lam, this marked an emphatic recovery from the temporary setback suffered in the previous quarter, with sales up 29% and net profit up 72% on a quarter on quarter basis. Further, on a year on year basis the company was back on a strong growth trajectory with both sales and net profit up 7%.
One of Sri Lanka’s most recognized apparel factories cements its environmental sustainability credentials
Already recognized as a leading proponent of environmental sustainability, Bodyline (Pvt) Ltd; one of Sri Lanka’s best known apparel companies marked World Environment Day by announcing the international CarbonNeutral® certification for one of its factories.
Critical that an independent trade facilitation unit be set up by government
Quote from OECD report
“Steady increases in trade volumes and complexity in recent years have significantly changed the operating environment for the international trading community. They have also highlighted the negative impact of inefficient border procedures on governments, businesses and ultimately on the customer and the economy as a whole. Governments may face smuggling, fraud and national security problems, which drain the public coffers, while businesses pay the price of slow and unpredictable goods delivery, costly customs procedures, and even lost business opportunities. And all these costs ultimately make goods more expensive for the consumer. These ‘hidden’ costs of trade are so high – as much as 15% of the value of the goods traded in some cases – that studies show that for many countries, the welfare benefits from more efficient customs procedures could be as high as those from reducing tariffs.”
Since Sri Lanka is expected to enter into a Free Trade Agreement with China, Sri Lanka Apparel Exporters Association organized a seminar at Hilton Colombo Residence on the 5th of August 2014 for the Apparel Exporters of Sri Lanka. The aim was to enhance the knowledge and quality awareness on supervisory regulations and mandatory testing requirement of textile & apparel market of China.
"The Sri Lanka Export Development Board (EDB) together with the Joint Apparel Association Forum(JAAF) and the Sri Lanka Embassy in Brazil will be organizing the first ever Market Promotion programme in Sao Paulo, Brazil in September 2014 for the Sri Lankan Apparel exporters. The objective of this programme is to explore market opportunities and establish direct contacts with prospective buyers in Brazil.
Future’ leaders of Sri Lanka’s apparel industry are to draft plans on working towards new goals and new targets for 2020 as part of a committee established to take the industry forward.
The apparel industry in Sri Lanka grew over a period of time since its inception post-1977 and now the industry has taken the task of handing over the baton to its future leaders to draft their future course with a new strategic plan.
Following is the address by Incoming Chairman Sean Van Dort at the 44th Annual General Meeting & Post Business Session of the Sri Lanka Shippers’ Council, held on 27 June at the Cinnamon Lakeside, Colombo
Our Chief Guest Dr. P.B. Jayasundera, Secretary to the Treasury, Ministry of Finance and Planning, Ashroff Omar, the Chief Executive Officer of Brandix Lanka, our Guest of Honour, Past Presidents of the Sri Lanka Shippers’ Council, heads of Government agencies, distinguished guests and friends, on behalf of the SLSC, I extend to you a warm welcome to the post-business session of the 44th Annual General Meeting of the council. We are indeed privileged to have Dr. P.B. Jayasundera accepting our invitation as our Chief Guest along with Ashroff Omar who is present today as our Guest of Honour.
Journal & Directory of the Sri Lanka Apparel Exporters Association, containing valuable information with regard to the apparel industry.
Issue No. 89