Home / Knowledge / News / Apparel/Garments / Sri Lanka's Mas Holdings to invest in Haiti
Sri Lanka's Mas Holdings to invest in Haiti
28
Jun '16
Sri Lanka based clothing and lingerie manufacturer Mas Holdings will invest in setting up manufacturing units in Haiti's Caracol Industrial Park (PIC), Haitian media reported.

Mas Holdings would become the second largest investor in PIC. The largest investor is S&H Global, a subsidiary of South Korean garment manufacturer Sae-A Trading, which began operations in PIC in the fall of 2012.

The announcement about Mas Holdings investment in PIC was made by Sharda Amalean, vice president of Mas Holdings, at a reception organised by the National Society of Industrial Parks (SONAPI) in Caracol last week.

Mas Holdings decision to invest in PIC was welcomed by SONAPI director general Philippe Debrosse and Haitian Chamber of Commerce North president Nonce Zéphyr.

The project will begin after completion of some formalities as per Haitian government regulations, the reports said.

With annual revenue of $1.6 billion, Mas Holdings operates in 15 countries employing nearly 80,000 people.

PIC was built in 2012 on a 252 hectare site near Caracol. The $300 million project, which includes a 10-megawatt power plant, a water treatment plant, and development of a port in nearby Fort-Liberté, was built with hurricane relief funds, a loan from the Inter-American Development Bank, contributions by the US government, and The Clinton Foundation. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

Textiles | On 20th Sep 2017

India needs to double cotton farmers’ income: top official

India needs to double the income of cotton farmers and non-farmers...

Textiles | On 20th Sep 2017

Pakistan seeks more JVs with China: textile minister

The Pakistani Government wants to forge more joint ventures (JVs)...

Apparel/Garments | On 20th Sep 2017

Egypt’s garment exports touch $941 million in 8 months

Egypt's garment exports touched $941 million in the first eight...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search