27 January 2011

Sri Lanka's MAS Holdings Invests $3.15mn on MAS Active Asialine Factory at Hambantota

27th January 2011, www.dailynews.lk, By Charumini de Silva

MAS Active - Asialine, the newest facility of MAS Holdings will open today in Middeniya, Hambantota with a total investment of US $ 3.15 million. MAS Active - Asialine General Manager Venura Attanayake said MAS Holdings took over this company in 2006 with an initial investment of US $ 2.2 million.

The company then invested in machinery and in August last year the company decided to increase the capacity. At present, the company has provided over 1,500 employments for the area from which it was around 750 employees.

Attanayake said the company invested around US$ 950,000 as the second phase investment.

MAS Active - Asialine has been graded as an ‘A’ grade plant.

The company intends to enhance the productivity of the company further, which currently runs at an average productivity range of 50 to 65 percent.

MAS Active - Asialine is an integrated facility to handle woven and knit products with a capacity to produce over 600,000 pieces per day, while catering to the USA, UK and European markets. The company is actively involved in Asian market too.

The company practices the MAS Operating System (MOS) education to create industry leadership in lean manufacturing and innovation, which will help to raise the quality and craftsmanship of products.

“Our team is focused on being environmental friendly while taking ecological systems into consideration.

This factory is also committed to reduce the carbon footprint in the process and conserve water,” Attanayake said.

1 comment:

  1. MAS Holdings, you are doing Sri Lanka proud.

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