Prime Minster Ranil Wickremesinghe and MAS Holdings Chairman Mahesh Amalean at the opening ceremony

Prime Minister Ranil Wickremesinghe ceremonially opened the MAS Fabric Park in Giriulla last week creating three thousand new job opportunities. The total investment of this project is USD 28 million (Rs.4200 million) and a USD 75 million export revenue per annum is expected from this new factory. The site has been closed for more than 13 years following the closure of Kabul Lanka factory.

This new facility will manufacture sportswear and activewear for MAS who is the second largest supplier of Nike, a global fashion giant. It was reported that in the next year, MAS hopes to refurbish the facility as per their standards with latest equipment and machinery replacing those that were formerly used by Kabool Lace between 1997-2004.