Teejay Lanka
Knitted fabric manufacturer in Sri Lanka
From Wikipedia, the free encyclopedia
Teejay Lanka PLC formerly known as Textured Jersey Lanka is a knitted fabric manufacturer in Sri Lanka[2] and is one of the constituents of the S&P Sri Lanka 20 Index of the Colombo Stock Exchange. The company is a supplier to the brands such as Nike, PVH, L Brands, Marks & Spencer, Decathlon, Lidl, and Calzedonia.[3]
Logo of the Company | |
| Company type | Public |
|---|---|
| |
| ISIN | LK0394N00003 |
| Industry | Apparel |
| Founded | 2000 |
| Headquarters | , Sri Lanka |
Key people |
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| Revenue |  LKR49,587 million (2022) |
| LKR2,573 million (2022) | |
| LKR2,531 million (2022) | |
| Total assets | LKR59,893 million (2022) |
| Total equity | LKR28,225 million (2022) |
| Owners |
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Number of employees | 2,819 (2022) |
| Subsidiaries |
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| Website | www |
| Footnotes / references [1] | |
History
In 2000, Textured Jersey Lanka was founded as a joint venture between Linea Clothing and Textured Jersey UK. In 2004, Pacific Textile Holdings acquired Textured Jersey UK's stake in the company.[4] In 2007, shareholding changed with Brandix joining Pacific Textiles,[5] and in 2011 the company was listed publicly. In 2016, the company was rebranded as Teejay Lanka.[6] Sri Lankan business executive, Ajit Gunawardene was appointed as the chairman of the company in 2022.[7]
Operations
The company carries out manufacturing operations in Sri Lanka as well as in India.[8] During the pandemic Tejay Lanka moved to manufacture personal protective equipment or PPE as a strategic decision.[9]
Legal issues
On August 10, 2020, the Colombo Magistrate Court issued a notice on the company to appear before the court in connection to an alleged attempt to dump hazardous waste into the ocean through a contract.[10]
Recognition
The company received the award of the best textile exporter in Sri Lanka at the Presidential Export Awards in 2019 and ranked amongst the 100 most respected companies in the country by the LMD magazine.[8] In 2021, Teejay Lanka won the award for the best textile exporter at the Presidential Export Awards for the third consecutive year.[11]