Sri Lankan garment factory HelaClothing operations return to normal

Sri Lanka has experienced steady economic growth since the end of the civil war in 2009. The ready-made garment industry is the backbone of Sri Lanka’s trade, accounting for 44% of the total export value in 2018. It is Sri Lanka’s largest export industry. The employed population engaged in the garment manufacturing industry accounts for 33% of the total employed population in the country.

According to statistics from the U.S. Department of Commerce’s Bureau of International Trade, the value of garment exports from Sri Lanka to the world in 2018 was US$4.9 billion, an increase of 3.6% from 2017. The United States , the EU is its top two export markets.

Due to the US-China trade war and the increasing manufacturing costs in China, Sri Lanka has high-quality labor and superior geo-economics, coupled with its government’s support for the development of the textile industry, in 2018 In September 2018, the value-added tax on fabrics was reduced, thus attracting textile and garment orders from most international brands to continue to flow to Sri Lanka and related southbound countries for production.

Well-known European and American brands such as Burberry, HugoBoss, Levis, adidas, Victoria’s Secret, Calvin Klein, etc. all have factories or cooperating foundries in Sri Lanka. Currently, there are There are more than 700 garment factories, which have become one of the world’s well-known brand apparel OEM centers. They tend to OEM high-unit-price products and rely mostly on imported textile raw materials.

On April 21, 2019, multiple serial bombings targeting churches and hotels occurred in Colombo, Sri Lanka and the east and west coast of the country, killing more than 250 people in the country. More than 500 people were injured, which deterred international brand buyers from visiting factories in the country and severely damaged the tourism industry.

Recently, purchasers from Sri Lanka’s HelaClothing Company said that the country’s textile and garment industry operations have returned to normal, and some international brand buyers even believe that the country has been affected by terrorist attacks and deserves sympathy. , needing more help, so orders increased against the trend. International buyers regularly visit local garment factories twice a year, the first time around March-April (this year factory visits were temporarily suspended after the terrorist attacks), and the second time around September-October.

HelaClothing is a garment factory with an annual turnover of US$200 million and more than 15,000 employees worldwide. It mainly supplies to international clothing brands or retailers in the United States and Europe. Channel, major customers include Calvin Klein, Tommy Hilfiger, Michael Kors, M&S, Next, etc. In addition to having eight factories in Sri Lanka, the company also has one factory each in Kenya, Ethiopia, and Mexico. Its main products include men’s and women’s underwear, outdoor activity clothing, and pajamas.

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