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CEMS-Global USA, multinational exhibition organizer, is set to organize 8th edition of Textech Sri Lanka International Expo from March 9-11, 2017 at Sri Lanka Exhibition & Convention Centre (SLECC) in Colombo.
The company, which launched its operations in Sri Lanka in 2009 as ‘CEMS Lanka’,will once again simultaneously present three international exhibitions focused on entire textile and garment sector of the country. Alongside the 8th Textech Sri Lanka 2017 International Expo, 26th Dye+Chem Sri Lanka 2017 Int’l Expo – an exhibition on dyes and fine & specialty chemicals; and 8th Colombo Int’l Yarn & Fabric Show 2017, will also be held.
“CEMS-Global launched its most important international trade exhibitions for the trade and industry of Sri Lanka with a vision to further expand into the fast booming Sri Lankan industry and bring most reputed international manufacturers and suppliers through its Exhibitions to Sri Lanka,”reads a statement issued by the organizer.
Over 200 exhibitors from over six countries are likely present innovations at these fairs, which according to the organizer, will play an important role by assembling worldwide technology, machinery and material manufacturers and chemical sector at the doorsteps of the Sri Lankan manufacturers under one roof to appraise them of the latest developments and technology available in the market.
Sri Lanka’s leading textile manufacturer Teejay, formerly known as Textured Jersey Lanka, has announced regional growth plans aimed at underpinning its future growth as the company achieved strong revenue growth of 33 per cent over the nine months ended on 31st December 2016.
Sriyan de Silva Wijeyeratne, CEO of Teejay said, “We are already investing further in automation and technology and preparing to embrace the future dynamics and trends in the textile industry, especially with the new demand for synthetics and digital prints and we are poised and ready to benefit from those changes.”
The Group recorded a revenue of Rs. 16.4 billion compared to Rs. 12.3 billion during the corresponding period last year and announced a 66 per cent growth in dividends to shareholders. On a quarterly basis the Group reported a revenue growth of 6.3 billion compared to the Rs. 5.6 billion recorded last quarter, showing a growth of 14 per cent. However, gross profit dropped by 15 per cent for the third quarter to Rs. 832 million.
Chairman of Teejay, Bill Lam said, “Growth was achieved through continually operating at optimal capacity, with a full order booking during the period; and that the growth in top line was a result of additional orders being canvassed to cater to the future growth stage of the company. The business is watchful of future market challenges, with a close eye on price fluctuations in the market and increasing changes in the product mix.”
Sri Lanka is all set to host International Summit on Textile Colouration 2017: Colouring the Emperor’s New Clothes. The summit will take place at BMICH in Colombo on March 8.
Organized by SDC International Limited, world’s leading independent educational charity dedicated to advancing the science and technology of colour worldwide, the Summit will discuss some of the difficult issues around technical innovation and environmental sustainability within the textile colouration industry.
Sessions on compliance in colour management; compliance in colouration of textiles; and compliance in fashion will be held during the summit. Anjani Kumar Prasad, Managing Director Archroma, who has been in textile and colouration industry since 1983, will be the keynote speaker at the summit, which will bring together textile colourists, buyers, retailers, garment manufacturers, academicians and researchers from around.
Bodyline, the leading apparel group of Sri Lanka which owns four factories, has reportedly become the first Sri Lankan apparel manufacturer to be certified as CarbonConscious. This is seen as the first sustainability milestone under the new leadership of Dinesh de Silva who has been appointed recently as the new CEO of the company.
Bodyline has been awarded the certification by The Sustainable Future Group (SFG) – one of Asia’s first verification, validation and certification bodies to be accredited for ISO 14064 GHG Quantification and Reporting.
The apparel manufacturer collaborated with The Carbon Consulting Company (CCC) to obtain comprehensive annual GHG Inventories for its operations, as well as to monitor and update their Carbon Management Plan set up by the same.
“Stepping into a leadership role in a company which continues to demonstrate its commitment towards protecting earth’s life and compensating for its impact on the planet is a privilege,” averred the new CEO of the company.
The National Chamber of Exports (NCE) of Sri Lanka has expressed great satisfaction on successful attempt of Sri Lankan Government in regaining the Generalized System of Preferences facility, which will undoubtedly boost the stagnating trend of Sri Lankan exports; be it apparel, textile, etc., to facilitate accelerated economic development through the achievement of ambitious national export targets.
The European Commission, which is the executive body of the European Union, last week proposed to restore the special concessions for imports from Sri Lanka under the GSP+ facility in exchange for the improved human rights and labour records of the country, subject to ratification by the European Parliament, which will be accompanied by a rigorous monitoring of human rights, good governance, labour conditions, protection of the environment, and rule of law, in conformity with the concerned 27 international conventions.
“The chamber on its part will conduct awareness creating training programmes for Sri Lankan exporters, and especially for its member companies, to have a clear understanding of the regulations and procedures, as well as product quality requirements of the EU countries to effectively compete in the EU market, using the advantage of the concessions that will become available,” NCE said.
Currently there are eight GSP+ beneficiaries among developing countries. In this context the NCE noted that Sri Lanka will have a particular advantage over competitor countries such as Pakistan, Bangladesh, and the Philippines in terms of exports, especially in textiles and garments sector.
MAS Holdings (MAS), a Sri Lankan conglomerate and one of the world’s most recognized design-to-delivery solution providers in textile and clothing sector, has unveiled the plaque for its US $ 28 million MAS Fabric Park in Giriulla, Sri Lanka.
The new industrial park will manufacture knitted shoe uppers as well as sportswear and activewear products for MAS’ strategic partner Nike, and bring in US $ 65-75 million in revenue for the company.
MAS hopes to remove the old machinery, refurbish the old factory and set up new equipment according to MAS standards over the next 12 months. It may be mentioned here that apparel manufacturing had begun at the location in 1974 with the establishment of the Mattegama Textile Mill. The 50-acre park will also be used as an entrepot logistics hub.
“At MAS, we need to expand our capacity, and because of the proximity of this location to Thulhiriya and Pannala where we have manufacturing operations, this industrial site in Giriulla is ideally located for our expansion plans to export textiles and clothing,” said Mahesh Amalean, Chairman, MAS.
Currently, the second largest supplier for Nike Worldwide and one of their key supply chain partners, the company seeks an opportunity to double their business as Nike grows their business from US $ 30 billion today to US $ 50 billion by 2020.
Around 140 workers at the Tri Star Apparel Exports garment factory in Sri Lanka have staged a protest over unpaid wages and a number of problems including delayed salaries, unpaid gratuity to retired workers, company’s failure to contribute to social security fund as required by law, and other.
Commerce and Industrial Workers Union (CIWU) members and workers at the factory went on a strike when the wages for the month of October 2016 that were supposed to be paid on 10th November, were not paid till 18th November. This forced the management to pay 30 per cent of the due wages. Furthermore, the management suspended both Branch Union President and Chief Organizer based on the charges of organizing the strike.
Outraged and desperate workers are now demanding immediate payment of pending wages and immediate remittance of the outstanding state social security funds, Employees Provident Fund (EPF) and Employees’ Trust Fund (ETF) to the central bank, not being transferred since 2006, and reinstatement of suspended trade union office bearers and organizers. Workers also raised these issues with the State Labour Department. CIWU will appeal to labour tribunal and demand reinstatement of the suspended unionists.
Following the route listed by the recently announced Sri Lankan Budget for 2017, it becomes quite evident that there are multiple benefits for the apparel and textile sector in the country. Apart from Rs. 500 million for Small and Medium Enterprises (SMEs), the Sri Lankan Government will support the formation of a textile cluster by providing investment relief to businesses that will invest in this venture and will also provide adequate space to save close to US $ 2,000 million per annum.
Presenting the Budget, Finance Minister of the country, Ravi Karunanayake said that the Government has proposed the formation of a cluster that would include sizing, dyeing and finishing units by the private sector. The Budget will permit garment exporters to also import products of foreign enterprises for reworking, operating under the commercial hub regulation.
The Government will also allow domestic apparel companies to invest in overseas entities involved in apparel design and manufacture up to 5 per cent of their average export turnover of the preceding three years in any given year.
Moreover, the Government has proposed a significant shift in the policy framework by keeping a special room for vocational training, under which there is a provision of scholarships to anyone who wishes to follow a vocational training programme at a state-operated institution.
The recently concluded 2nd edition of Intex South Asia – South Asia’s only international sourcing show, witnessed 2,485 professional trade buyers from 18 countries and regions to source yarns, apparel fabric, denim fabric and clothing accessories. Arindam Bagchi, Acting Indian High Commissioner and Indira Malwatte, Chairperson & CEO, Sri Lanka Export Development Board inaugurated the event.
More than 140 textile suppliers from India, Pakistan, Bangladesh, Sri Lanka, China, Taiwan, Korea, Malaysia, Indonesia, Japan, Singapore, Italy and South Africa participated at the show. All major apparel exporters and international sourcing offices in Sri Lanka like Brandix, MAS, Hiradamani, Omega Line, Timex Garments, Emjay International, MAST Far East, Vogue Tex, Hela Clothing, Lucky Industries, Marks & Spencer, Columbia Sportswear, Tesco Sourcing, Next Sourcing, George UK, Victoria’s Secret, Decathlon, Dewhirst, Asmara International, Li & Fung, William E. Conner’s & Associates, UVW Apparels, Comtex Global, Adeem Uniform, Wag Worthy and many more came to interact with suppliers and to find innovative products and designs for the next season.
One of the exhibitors at the show, Peggy, PT Sinar Para Taruna, Indonesia commented, “We are glad to be associated with Intex South Asia since its launch in 2015. This unique platform gives us the opportunity to promote our textiles to new buyers and also meet our existing customers from South Asia here in Sri Lanka. Overall, we are happy with the quality of buyers that visited our booth.”
The highlight of the show was the Interactive Business Forums where Noel Priyatilake, Chairman, Joint Apparel Association Forum (JAAF) shared valuable insights, knowledge and thought provoking ideas on the topic: Positioning Sri Lanka as a Hub of South Asia – Opportunities and Challenges for the textile and garment sector.
Also, the Intex South Asia hosted the first-ever exclusive presentation by the world-renowned trends and forecasting agency, WGSN in Sri Lanka. Kim Mannino, Head of WGSN Live, UK gave a detailed presentation on “Autumn-Winter 17-18 Season on Men & Women Fashion Trends and Forecast” to a full-house audience at the exhibition.
The three-day show also witnessed a number of international buyers like Inditex Asia (India), Marks & Spencer (Bangladesh), Liverpool (Mexico), The Uniform Exports (Canada), KIKADU (Germany), Korl Mayer (Germany), Tragart (Switzerland), Aswakov (Thailand), AGMS (Japan), SKANDA (Singapore), Frontex Fashion (Hong Kong), Tsar (Malaysia), CTA Apparel (India), Wildcraft (India), Lifestyle Department Stores (India), Orchestra Buying & Retail (India), S. Oliver (India), Maral Overseas (India), Mufti (India),Kariwala (India), Oriental Sourcing (Pakistan) and more.
Manikandan G of Shahi Exports stated, “We met many suppliers in the fair which was very useful for our fabric sourcing and further new innovations. This event was very useful in enhancing our supplier base. From the shortlisted suppliers, we have invited some to our premises to show case their new products and gradually we are in the process of initiating business with them. The two seminars organised at the exhibition were very useful and informative. We have thoroughly enjoyed the Intex South Asia’s hospitality and service during our visit.”
Screen Print, the trade show dedicated to screen printing, took place in Sri Lanka first the time from December 1-3, 2016 at the Sri Lanka Exhibition and Convention Centre, Colombo. With over 40 exhibitors, the event witnessed over 2,500 visitors from different areas of Garment industry from across Asia.
Devang Sheth, Director of Aditya Expositions, the organizer of the expo, said, “I admire the keen interest of scores of visitors who took time out to visit Screen Print Sri Lanka expo despite the fact that currently it is the busy production season in Sri Lankan garment industry. Some of the companies made it a point to send their production staff to give them exposure to new technologies and techniques in garment decoration as a whole.”
Some of the leading companies who took part in the exhibition include Grafica Flextronica, Skyscreen, Ninehearts, NBC, JK Garments, Indian Dyes Sales Corp., Antler General Industries, Colorcroma, CoLoRs, Devraj Rangwala, Domex, Impress Apparels Machines, Ingrin Printing & Graphic Academy (INGRIN), JK Garments, Knowell Corporation, Kumar Textile Industries, Multi Colour Premium Ink & Chemicals, Panorama Screen, Standard Holdings, Unifold, Weera Industries, Winson Inks, Zibo Paper Tech and many others. Some of these companies represent global brands.
The range of products showcased at the exhibition include Screen printing (textile and graphics)/digital/sublimation printing machinery, pad printing machinery, finishing equipment, screen/digital/sublimation/pad printing inks and consumables, screen making equipment and tools, paper and non-paper substrates, UV special effects, heat transfer printing inks and chemicals, heat press, transfer papers, etc., which covered the entire gamut of garment decoration in particular and screen printing in general.
The 2017 edition of Indian Garment N Fabric Expo (IGFE) will take place on 7th-9th January at the Sri Lanka Exhibition and Convention Centre in Colombo, Sri Lanka.
The three-day exhibition will witness participation of exhibitors from India involved in readymade garments, fabrics, ladieswear and menswear business. The fair will provide an opportunity for B2B firms to connect with the consumers of Sri Lanka. Organized by “Value” Fair N Expo, this B2B exhibition is open to the public and will host live fashion show on all three days of the programme.
The exhibition is supported by The Southern Gujarat Chamber of Commerce and Industries (SGCCI) and The Textile Association India (TAI).
Founded in 2016, “Value” Fair N Expo aims at developing an international stage for periodical gatherings and looks to the bridge the gap between buyers and sellers by providing them a platform to expand their business.
Sri Lanka’s Deputy Minister of Foreign Affairs, Dr. Harsha De Silva cautioned the country about the impact of any small change in the US trade policy due to political alterations there, on account of the apparel industry’s dependence on the US market.
At Sri Lanka Apparel Exporters Association’s AGM held in Colombo, the Minister averred, “Given that America is very important to us, 25 per cent of our exports go to the US and 70 per cent of that was apparels, I don’t think in the short term there is going to be any misalignment. Any way any small shock can have a large repercussion because of the dependency we have on the US economy. Without TPP, is it possible for Sri Lanka to create opportunities in this unsettled global trade environment?”
The Minister also made a mention of effects of Brexit while talking about country’s exports to the UK which were about US $ 1 billion or 10 per cent of the total exports. However, he opined that the UK wouldn’t be as worrisome as the US on the backdrop of his optimism that by mid next year Sri Lanka will receive GST+ concessions from the European Union.
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