Aug 09, Colombo: Italian beachwear and hosiery manufacturing retailer Calzedonia has set up plans to build a garment factory in Vavuniya in Sri Lanka’s Northern Province with a US$20 million investment.
The new Sri Lankan factory expected to begin operations in October 2012 will produce garments for the Intimissimi, Tezenis and Calzedonia lines for export to Europe. The factory will employ 1,500 workers when it reaches full capacity, Sri Lanka’s Minister of Industry and Commerce said.
The factory will be operated by Omega Line Limited, a fully-owned unit of Calzedonia Finanziaria of Luxembourg. Omega Line already has operations producing lingerie in Sri Lanka since 1999 and employs around 3,000 workers.
Calzedonia’s total investment in Sri Lanka so far is reportedly around US$45 million in two state-of-the-art factories, with annual exports of over US$300 million to Italy alone.