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MAS Holdings opens its latest facility
27
Jan '11
MAS Active-Asialine, the latest facility of MAS Holdings is expected to open today in Middeniya, Hambantota with an overall investment of US $3.15 million. An initial investment of 2.2 million dollar has been made in the year 2006 by MAS Holdings to undertake the company.

MAS Holdings had made an investment in 2006 in machinery and in August 2010, it had taken a decision to raise its capacity. Earlier, the company had 750 employees but today, the scenario has changed. Currently, there are 1500 employees.

In the second phase of investment, the company invested about $950 thousand. MAS Active- Asialine has been given the rating of an 'A' grade company.

At present, the average productivity of the company varies between 50 and 65 percent and MAS Holdings is planning to increase its productivity further.

MAS Active-Asialine is an integrated facility which is likely to deal with woven as well as knitted products. It has a production capacity of 600,000 pieces per day and the company will be supplying woven and knitted products to the markets in European Union, United Kingdom as well as United States of America. The company will also supply its products to various Asian markets.

The company is likely to follow the MAS Operating System (MOS) in generating industry leadership in lean manufacturing and innovation. This will not only improve the quality of the products but will also help in improving the skills of the employees.

Fibre2fashion News Desk - India

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