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Introduction - Orient Garments Limited

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1Introduction - Orient Garments Limited     Empty Introduction - Orient Garments Limited Tue Jun 07, 2011 11:59 am

milanka

milanka
Vice President - Equity Analytics
Vice President - Equity Analytics

http://www.cse.lk/cmt/upload_cse_announcements/4891307422871_.pdf

Orient Garments Limited is a fully owned subsidiary of the Finco Group. OGL’s primary market is the European Union with approximately 80% of the company’s total exports heading to Europe and 20% going to the United States and other countries.

We pride ourselves for being one of the few remaining manufacturers that have the capability of producing a wide range of Casual products from basic bottoms to complicated Jackets.


OGL at a Glance

Production facilities 5 modern self contained factory units
Monthly production capacity 300,000 units
Workforce 3,300
Annual turnover 2.8 Billion Rupees
Fully fledged Design to Delivery systems
Regulatory Compliance & Accreditation


Strategic Partnerships
We are strict believers that the efficient sourcing of fabrics and raw material is key to achieving a great end product. OGL has the advantage of sourcing fabrics and trims through our sister Company Ian Burke Limited located in Hong Kong. Our Hong Kong office has been in operation for over 20 years and has a competent staff to source Fabric and Trims from Mainland China and Taiwan.

Through IBL Branch offices in Bangladesh and Vietnam we are further able to extend our sourcing arm for new products as well as sourcing production facilities in those Countries. OGL also has an agent in Korea as well as strong relationships with mills in India and Pakistan.

http://www.orientgarments.lk/aboutus.html



Last edited by milanka on Tue Jun 07, 2011 12:02 pm; edited 1 time in total (Reason for editing : added web link.)

http://forum.srilankaequity.com/u188

milanka

milanka
Vice President - Equity Analytics
Vice President - Equity Analytics

Sri Lanka to see first garment factory listing

June 07, 2011 (LBO) - Orient Garments Limited, a unit of Sri Lanka's Finco group of companies will be listed on Colombo Stock Exchange's second board, making it the first apparel maker to go public.
The firm will enter the market through a process of 'introduction' where a formal initial offer for subscription is not made to the public but existing shareholders can sell down after the shares are listed. The CSE said the trading date will announced later.
The company's website said it had annual revenues of 2.8 billion rupees and had capacity to make 300,000 pieces of garments a month, at five plants.

Garments are Sri Lanka's largest industrial export. In 2010 Sri Lanka exported 3.5 billion dollars worth of apparel and textiles mainly to the European Union and the United States.

Apparel firms have not sought listings or capital from the public market up to now. Stock valuations have risen sharply following the end of a 30-year war resulting in a flood of new listings.

Two textile firms, Kuruwita Textiles, a unit of the Brandix Apparel group, and Hayleys MGT Knitting, are listed.


At one time, two privatized textile firms were listed but they were unable to compete after import duty protection was withdrawn. Most Sri Lankans, especially people with lower income, now dress better as a result.

lbo.lk

http://forum.srilankaequity.com/u188

kam2011


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

That's a good news. It will be the first Garment exporting Company to be listed. If all other good garment producers follow this move CSE will be more attractive for not only for local investor but foriegn investor as well. We have internationally highly reputed Apparel manufatures and we should not forget Garment is our major FOREX earner.

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