This investment of MAS Holdings is said to be further enhancing MAS’ capabilities in the knitting, dyeing and printing space for cotton fabrics and expanding its backward vertical integration in the island.
MAS increases its investment in the supply chain and re-affirms confidence in Sri Lanka MAS Holdings launched a new venture by acquiring the assets of BAM Knitting (Pvt) Ltd., a leading fabric manufacturing and finishing operation in Sri Lanka. MAS Holdings takes the majority stake in the new venture, with BAM Knitting as its joint.