South Asia Textile Industries launches ambitious Rs. 1 billion expansion programme
View(s):Leading Sri Lankan textile manufacturer South Asia Textile Industries Lanka recently launched a highly ambitious expansion programme. This is after having already begun investing what will ultimately be over Rs. 1 billion, in total, in the latest 5th Generation Hybrid/Nano technology used in state-of-the art textile machinery in all its divisions.
These upgrades, comprising high-speed knitting machines from SANTONI Italy and UNITEX Singapore, will be capable of developing and producing new and innovative knitted fabrics. Additionally, new equipment to be installed, which is worth mentioning, includes high-end fully computerised printing machines imported from STORK, in Austria and Holland, the company said in an announcement.
South Asia Textile Industries Lanka has also made a number of other, recent improvements, including the introduction of specialised textile machines from world-famous brands such as SANTEX, from Switzerland, TANDEMATIC, from USA, MARLO & CORINO, from Italy, and FONGS, from China. At the same time, substantial new investments have also been made in South Asia Textile Industries Lanka’s already state-of-the-art Testing Lab, gearing it up for the next generation of challenges.
With the addition of new, highly sophisticated equipment, the lab continues to maintain its highly sought after accreditations by leading global apparel brand names like Marks & Spencer, NEXT, Limited Brands and many, many others, the release said. The company’s Chief Executive Officer Prithiv Dorai said, “This large scale expansion will allow South Asia Textiles Industries Lanka to reach a completely new dimension in textile manufacturing in Sri Lanka. Not only will it facilitate extensive benefits to local apparel manufacturers in terms of speed and flexibility, but it will also result in a greater availability of the latest fabric styles and colours, in keeping with international trends.”
South Asia Textiles Industries Lanka Director Kenneth Wijesuriya noted that the financial performance of the company, for the full year ending March 2015, exceeded all expectations with year-on-year growth closing in on 250 per cent. He also added that the company’s growth is expected to increase further in the coming years.