In response to shifting global market dynamics, MAS Holdings has announced a strategic transition for its Miththaliya facility located within the MAS Fabric Park. The facility, which previously focused on garment assembly, will be fully repurposed for high-tech fabric manufacturing, including knitting, dyeing, and finishing.
Strategic Shift in Production
The decision comes as a proactive measure against the continuous decline in global demand for ready-made garments. By consolidating its fabric supply chain, MAS aims to strengthen its long-term stability and enhance the country’s overall export value.
Operational Change: All garment manufacturing currently at Miththaliya will be redistributed to other MAS facilities across Sri Lanka.
Commitment to Employee Welfare
On February 19, MAS management briefed the 2,200 employees at the Miththaliya site regarding their transition options. The company has outlined a comprehensive support plan:
Internal Transfers: Employees have the opportunity to relocate to other MAS business units within Sri Lanka or to the company’s overseas operations in Jordan.
Voluntary Separation: For those who choose not to relocate, MAS has committed to a compensation package that exceeds the minimum legal requirements of Sri Lankan labor law.
Financial Support: All departing employees will receive full salary payments through the end of April, including the standard April bonus and all statutory settlements.
Looking Ahead
This restructuring is a key component of MAS Holdings’ long-term strategy to adapt to the evolving global apparel landscape. By focusing the Miththaliya plant entirely on fabric production, the company expects to drive higher efficiency and contribute more robustly to Sri Lanka’s export economy.
