Elastic fabrics maker Dogi opens its Sri Lanka plant
25 Oct '07
3 min read
The new DOGIEFA factory – in which DOGI and MAS Holdings have invested 30 million dollars (21.17 million euros) – is set to become the number one exporter of elastic fabric on the Indian subcontinent.
Initially the company is reaching a production capacity of 2.5 million metres of elastic fabric. By 2010 it expects to reach 7.5 million metres.
The MAS Fabrics Park, owned by Mas Holdings, hopes to attract investments worth over 100 million dollars (70.60 million euros) and exploit synergies with some of the world's top underwear, swimwear and sportswear producers.
This industrial cluster will be supplying some of the premier brands in the industry, including Victoria Secret, Vanity Fair, Marks & Spencer and Speedo, among others.