MAS to set up US$70mn automated knitting plant

29 November 2012 05:26 am Views - 2943

Sri Lanka’s apparel major, MAS Holdings is to make the biggest single investment in the history of its operations, as the firm is planning to set up US $ 70 million automated knitting plant, a press statement by the country’s investment promotion agency said.

The 200, 000 square feet facility will be located at Thulhiriya, within the MAS Fabric Park and is poised to the largest knitting plant in the region.