Teejay Lanka doubles capacity of India plant with $15 million expansion
Teejay Lanka, one of the region’s largest textile manufacturers, has announced a doubling of capacity of its Indian mill, following the completion of an expansion project involving an investment of US$ 15 million (more than Rs 2.3 billion at current rates).
Located within the 1,000acre Brandix India Apparel City (BIAC) in Vizag, Andra Pradesh, Teejay India is now capable of manufacturing up to 42 million metres of Weft knitted fabric annually using stateof-the-art machines for knitting, dyeing, finishing and inspection, the company said in a media release.
The expansion entailed the installation of state- of-the-art machinery for knitting, dyeing, finishing and inspections as well as fully-automated Packing Machines, a Lab Dip Dispenser for Colour Service and a chemical dispensing system. These can produce 12,500 tons of fabric a year.
The expansion has also generated additional employment opportunities for up to 276 people, the release said.
Commenting on Teejay India’s expansion, the company’s Deputy CEO, Pubudu De Silva said: “We now have a remarkable new facility in India which is one of the best in BIAC and sends a clear message that Teejay is a global company which believes in high standards of production, and is ready to take on more orders. The decision to expand despite tough market conditions is likely to be one of the best the company has made, as it equips Teejay to tap into the broader Asian and expanding EU business”.
Sri Lanka’s only multinational textile manufacturer, Teejay supplies fabric to some of the best international brands across the world. Teejay Lanka PLC is a public quoted company with 39 per cent public ownership. The company is backed by Sri Lanka’s largest apparel exporter, Brandix Lanka which has a 33 per cent stake and Pacific Textiles of Hong Kong which owns 28 per cent of the company.