Home / Knowledge / News / Apparel/Garments / Sri Lanka's Timex & Fergasam to setup 'green' units
Sri Lanka's Timex & Fergasam to setup 'green' units
21
Jun '12
The Timex and Fergasam Group of Sri Lanka, a producer-cum-exporter of high quality garments, is set to kick start construction of twin energy efficient 'green' apparel factories in the former war-zone region of Mannar this month.
 
Being constructed with an outlay of US$ 5 million, the factories are likely to go operational by January 2013, leading to creation of 1,200 jobs in the north-eastern region, which remained a war-zone for three decades till 2009.
 
The new facilities would incorporate energy efficient air conditioners which would reduce power usage by 25 percent. They would also have fuel efficient boilers and compressors and would employ water efficient fixtures and storm water management systems to ensure adequate water availability.
 
The project, approved by the Board of Investment (BOI), would also use solar energy and have net metering facility, which would allow it to sell surplus power to the national grid. 
 
According to BOI Chairman MMC Ferdiando, environmental sensitivity and sustainability are the key factors that overseas investors consider while making their choices.
 
Sri Lanka is already at advantage as it follows high environmental standards. Several companies operating with BOI’s permission have already joined the eco-friendly bandwagon by establishing green factories.
 
Timex and Fergasam Group currently operates 17 apparel manufacturing units in Sri Lanka, employing about 10,000 people. The company exports its clothing items to the EU and the US.
 

Fibre2fashion News Desk - India


Must ReadView All

'Requirement of polyester filament yarn is increasing'

Textiles | On 19th Jun 2018

'Requirement of polyester filament yarn is increasing'

The requirement of polyester filament yarn (PFY) is increasing as it...

Courtesy: SAC

Textiles | On 19th Jun 2018

SAC to release pilot of Higg Facility Social Labour Module

The Sustainable Apparel Coalition (SAC) will release this year a...

Courtesy: Ebay

Apparel/Garments | On 19th Jun 2018

eBay partners with Noon for e-commerce sales in Middle East

Noon, the $1 billion e-commerce venture backed by Dubai businessman...

Interviews View All

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Top executives
Fashion houses, India

With technology, it has become easier to ensure IPR

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search