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| Sunday, 12 February 2006 |
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Business |  |
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New joint venture partnership with EFA Chairman of MAS Holdings (Pvt) Limited Mahesh Amalean announced the formation of a joint venture with Elastic Fabrics of America (EFA), and Dogi International Fabrics (Dogi) to set up a warp knit fabric manufacturing facility in Sri Lanka. The joint venture agreement was signed at the Interfiliere Trade Show in Paris, France by James Robbins, President and CEO, Elastic Fabrics of America, Joseph Domenech, Chairman, Dogi International Fabrics and Mahesh Amalean, Chairman MAS Holdings, in the presence of Minister of Enterprise Development and Investment Promotions Rohitha Bogollagama. The new partnership will put into place a pioneering initiative that will cater to the growing demand for high quality warp knit fabric for the apparel industry in Sri Lanka and the Indian sub-continent. Warp knit is a specialty fabric used in the manufacture of high quality intimate apparel, active and sportswear. These categories were identified as focus product groups in the five-year strategic plan announced by the Joint Apparel Associations Forum of Sri Lanka to increase the competitiveness of the industry. Commenting on the new partnership, Jim Robbins, President and CEO, Elastic Fabrics of America said "EFA is extremely proud to be associated with our JV partners in Sri Lanka - Dogi who has a worldwide reputation for product innovation and customer satisfaction and MAS whose commitment to excellence and integrity is unmatched in the global supply chain. |
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