MAS Holdings Shuts Sri Lankan Factory in ‘Strategic Pivot,’ Affecting 2,200 Workers

MAS Holdings, South Asia’s largest apparel-tech manufacturer, is shuttering one of its Sri Lankan factories—affecting 2,200 workers—as it seeks to “strategically pivot” away from primarily cut-and-sew production toward expanded knitting, dyeing and finishing,  the company told Sourcing Journal this week. The sprawling enterprise, which runs 53 manufacturing facilities across 17 countries, including its native Sri Lanka, plans to repurpose its Methliya plant in the Sabaragamuwa Province village of Thulhir ...