IFC funds $ 28 m for MAS to boost expansion, innovation

IFC, a member of the World Bank Group, is lending $ 28 million to Sri Lankan apparel manufacturer MAS Capital Ltd. and its subsidiaries to support the group’s expansion and innovation plans. IFC’s long-term loan will provide additional capital for MAS to expand its product portfolio and boost exports. The group is expected to create more jobs, predominantly for women. MAS Chief Executive Officer Sharad Amalean said: “This association is a significant milestone for both the company and the country. The apparel industry in Sri Lanka is at the forefront of innovation and growth, and MAS continues to push boundaries […]

Presenting an inspired tradition to Kilinochchi

MAS Holdings presents their 25 year tradition of “great working places” to the North of the country, as two major Divisions formalize plans to build manufacturing facilities, MAS Intimates Vidiyal and MAS Active Vaanavil, in Kilinochchi. The names of the facilities themselves,Vidiyal, meaning “dawn” and Vaanavil signifying “rainbows” aptly symbolize MAS Holdings’ thinking behind this venture. Like the “rainbow” which is a collaboration of colours, MAS’ passion is to unite communities and work together in the area to herald a new phase in the development of the region. At maturity Vaanavil and Vidiyal together hope to provide employment for approximately […]

An Unforgettable Summer

The MAS Holdings, Deutsche Bank and Dialog Summer Internship Programme concluded on the 15 August 2012 at the Dialog Future World Academy. Students from the 2012 internship batch made presentations to the Boards of the three companies which included Deshamanya Mahesh Amalean (Chairman – MAS Holdings), Rohan Rodrigo (Country Head – Deutsche Bank) an Dr. Hans Wijayasuriya (Group Chief Executive – Dialog Axiata) Out of seven thousand applications, twenty three students were selected for this six week programme which included experience based training, competency building workshops, familiarization to the three companies, meetings with distinguished corporate heads, industry related projects and […]

MAS Holdings recognizes Best Overall Students at Local Universities for the 6th consecutive year

For the sixth consecutive year, MAS Holdings recognized and rewarded fifteen of the most  academically gifted and exceptionally motivated students from local universities, at the Award Ceremony for Best Overall Student on the 20th of August 2012, held at the Cinnamon Grand  Hotel. These students were lauded not only for their academic excellence, but were also commended for taking initiatives to acquire other competencies essential for the corporate  world. Disciplines eligible for the award include the Department of Textile & Apparel Engineering  (University of Moratuwa), Department of Industrial Management (University of Kelaniya), Department of Production Engineering (University of Peradeniya) and the […]

MAS Intimates feted for best HR Strategy at Asia’s Best Employer Brand Awards 2011

The Award for Best HR Strategy in Line with Business at Asia’s Best Employer Brand Awards 2011 accepted by Dinal Peiris, Director of Human Resources for MAS Intimates, from Professor Col. A Balasubamanium, Founder President Sri Balaji Society and Executive Director, BIMM and Mr. Sanjay Muthal, Managing Director of NuGrid Consulting MAS Intimates, the pioneering lingerie manufacturing arm of the US$ 800 Million entity MAS Holdings, was honoured with the award for the Best HR Strategy in Line with Business at Asia’s Best Employer Brand Awards 2011 at the awards gala hosted by the Employer Branding Institute, World HRD Congress […]

MAS Intimates and Marks & Spencer Produce the World’s First Ever Carbon Neutral Lingerie Range

British retail giant Marks & Spencer plc (M&S) and MAS Intimates launched the world’s first Carbon Neutral Lingerie Range, taking another step towards sustainable apparel production. This project is part of M&S’ sustainability initiative, Plan A, launched in 2007 aiming to become the world’s most sustainable retailer by 2015. The ‘Autograph Leaves Lingerie’ range, is inspired by nature and includes six bras, three briefs and one suspender. MAS Intimates along with M&S calculated the lifecycle carbon footprint of the complete product range identifying emissions related to each component raw material, manufacturing, shipping and distribution, customer use (washing and drying) and […]