Textured Jersey Lanka Limited is jointly owned by Pacific Textile Holdings Limited through its wholly owned subsidiary, Pacific Textured Jersey Holdings Limited holding 45.6% of the Company and Brandix Lanka Limited holding 34.3%. The remaining 20.1% stake is owned by the public.
Pacific Textiles Holdings Limited is a listed Company in the Hong Kong with one of the largest textile manufacturing facilities in China, being a leading manufacturer of customized knitted fabric in the global textile industry. It provides integrated services comprising of knitting, dyeing, printing and finishing.
Brandix Lanka Limited is the largest apparel exporter in SL and manufactures a wide spectrum of apparels to cater to world renowned brands. TJL supports as a strategic link in the supply chain of Brandix Lanka Limited.
Textured Jersey Lanka Limited manufactures and supplies a variety of designs and specifications of weft knitted fabrics exclusively to garment manufacturers worldwide. Few types of fabrics that are commonly produced by the Company are Jersey, Fleece fabric, Jacquard, Piquel, Rib, Striped, Velour and Polar-fleece.
The principal raw materials used in the production of fabrics are yarn, dyes and chemicals with yarn dominating the raw material portfolio. TJL uses both cotton yarn and synthetic yarn. Therefore highly susceptible to global Cotton prices.
Textured Jersey Lanka Limited has been able to develop and maintain long-term relationships with strong apparel brand labels such as Victoria’s Secret, Marks and Spencer, Initimissimi, H&M, Express etc, even though the brand owners are not the Company’s direct customers.
The Company expects to expand its current Sri Lankan business operations to a USD 150mn turnover capacity from its current capacity of USD 83mn. In order to achieve this, TJL is expecting to construct a modern production facility built according to internationally accepted quality standards from the proceeds of IPO.