|
|
 |
| Sunday, 2 June 2002 |
 |
|
 |
Business |  |
| News Business Features Editorial
|
German company considers manufacturing plant in Sri Lanka by JAYAMPATHY JAYASINGHE Hansel Texil Lanka (Pvt) Ltd. will launch its range of interlining products in Sri Lanka soon. Hansel Texil Chairman Wolfgang Schulte said at a recent media briefing that Hansel Lanka would be the biggest platform to serve the important South Asian market. He said that if everything goes well, Hansel will set up a manufacturing plant in Sri Lanka at a cost of around two million US dollars. In addition to serving the Sri Lankan garment industry, Hansel would also try to expand its business into other areas in South Asia. It also plans to serve markets like Malaysia, Thailand, Bangladesh, Singapore and India. Schulte said Hansel would set up its next company in China this year although the company has functioned for more than 12 years in Hong Kong. The garment industry was moving to the mainland due to the high cost of production in Hong Kong. Ninety per cent of Hansel's business was outside Germany and 50 per cent outside Europe. Hansel sells around 65 million metres of interlinings every year. Hansel Texil Lanka Managing Director Thimira Rajapakse said Hansel will introduce a variety of interlining products to the Sri Lankan garment industry soon. Hansel Texil has been producing interlinings for the clothing industry for over 90 years. The company was founded in 1908. Since 1948, the company is based in Iserlohn, Germany. The company has won several international quality standards. |
|
News | Business | Features
| Editorial | Security Produced by Lake House |
