Textured Jersey's pre-IPO placement well received

08 Apr '11

4 min read

The Hong Kong listed Pacific Textiles is a leading manufacturer of customized knitted fabric in the global textile industry, with a focus on complex, value-added fabrics. It has one of the largest textile manufacturing facilities in China, and provides integrated services of knitting, dyeing, printing and finishing, with an annual production capacity of approximately 87 million kg. PTH reported a 21% YoY increase in revenue for six months ended 30th September 2010 to HK$ 3.7 billion, with net profit attributable to shareholders rising by 17% YoY during the same period to HK$ 453 million.

Brandix has been accredited as Sri Lanka's largest apparel exporter. Being the pioneer of the concept of 'total solutions' in Sri Lanka's apparel sector, Brandix is a preferred solutions provider to some of the world's leading apparel brands, including Victoria's Secret, PINK, Gap, Banana Republic, Marks & Spencer, Lands' End, Tommy Hilfiger, Hanes, Express, H&M, Intimissimi and Tesco.

The Group specializes in casual bottoms, underwear, lounge and sleepwear, bras, textiles, knitted and woven fabrics, sewing and embroidery thread, accessories and hangers, and also offers wet processing and finishing and fabric printing.

The Brandix Group is supported by 32 manufacturing locations island-wide, in addition to other facilities in the South Asian region, and strategically located international sourcing offices, and directly employs over 30,000 associates in Sri Lanka.

Textured Jersey Lanka is being advised by investment bankers CT Capital (Pvt) Ltd and Acuity Partners (Private) Limited, who are also acting as managers to the capital raising and listing exercise.

Brandix Lanka Limited

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