Singapore firm joins with apparel manufacturer Hela
View(s):Q Collection Pte Ltd, a Singapore-based apparel manufacturer recognised for its operational excellence and product diversification, has announced the establishment of manufacturing operations in Sri Lanka with strategic support from Hela Apparel Holdings PLC, a leading global apparel solutions provider.
As part of this process, Q Collection has acquired and assumed operational control of Hela Group’s subsidiary, Jinadasa Bennett (Pvt) Ltd, the company said in a media release.
The transaction includes the transfer of operational assets and employees based at these manufacturing sites. All employees at the manufacturing facilities have been offered continued employment under their existing terms, with no loss of accumulated benefits, ensuring workforce continuity and operational stability.
“This initiative reflects Q Collection’s commitment to delivering world-class manufacturing solutions in collaboration with globally renowned apparel brands” said Senthil Selvan, Group Chief Executive Officer of Q Collection. “Sri Lanka was selected for its strengths in high-end, ethical manufacturing—particularly in the underwear category.”
The collaboration supports both companies’ strategic objectives: Hela’s transformation into a hybrid model of owned, managed, and partner-enabled manufacturing solutions, and Q Collection’s continued growth across South Asia as a sustainable manufacturing base for the global brands.
“This initiative provides opportunities for both companies to unlock greater potential. At the same time, this will also support our financial targets for this year, as the proceeds will be used to settle our short-term liabilities and strengthen the Company’s financial position,” said Sanath Amaratunga, Hela Chief Executive Officer – Manufacturing Division.
Hitad.lk has you covered with quality used or brand new cars for sale that are budget friendly yet reliable! Now is the time to sell your old ride for something more attractive to today's modern automotive market demands. Browse through our selection of affordable options now on Hitad.lk before deciding on what will work best for you!