Hayleys Fabric Plc yesterday acquired the control of South Asia Textiles Ltd. (SAT) for Rs. 4 billion as part of expanding its business. Hayleys bought 98.84% stake of SAT comprising 97.68% from Ambeon Holdings Plc and 1.16% from a minority shareholder. “This acquisition supports Hayleys Fabric Plc’s strategic plan to expand capacity for higher value-added…
Hayleys Fabric PLC, pioneering textile manufacturer and subsidiary of Hayleys Group, walked away with the Bronze Award for the Best Integrated Report Design at the Asia Sustainability Reporting Awards (ASRA) 2019. The event was attended by over 200 senior business leaders, sustainability partners, academia, trade associations and advocacy organisations across the region, and was hosted…
Hayleys Fentons, one of the leading integrated engineering solutions specialists in Sri Lanka, entered into a partnership with two of its sister companies, Hayleys Fabric and Hayleys Power to generate renewable energy from the rooftop of one of its primary manufacturing facilities. This would make it one of the largest private sector renewable energy sources…
Under the banner of its flagship ‘Puritas Sathdiyawara: Going Beyond’, Hayleys PLC, one of Sri Lanka’s multinational conglomerates, completed its sixth annual school supply distribution initiative for the 2020 academic year in the North and North Central Provinces. This included contributions from the following companies under the Hayleys umbrella: Haycarb PLC, Advantis, Hayleys PLC, Hayleys…
Hayleys PLC, Sri Lanka’s largest and most diversified conglomerate, emerged triumphant by winning the coveted ‘Cyril Gardiner Memorial Trophy’ Gold Award for Overall Excellence in Annual Financial Reporting at the grand finale of the the 54th Annual Report Awards. Organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), the 54th Annual…
Hayleys MGT Knitting Mills PLC has reported Gross Profit growth of 47 per cent to US$ 2.6 million for the six months ending 30th September 2012, signaling a turnaround by the Hayleys Group’s cotton and synthetic fabric supplier in Sri Lanka.
Applies ERP system across the enterprise for comprehensive management control and service excellence Hayleys MGT Knitting Mills PLC, a leading fabric supplier in Sri Lanka, announced that it has successfully gone live with the world renowned SAP Enterprise Resource Planning (ERP) system to improve management control and enable service excellence. The cotton and synthetic fabric…
Hayleys MGT Knitting Mills PLC, fabric supplier in Sri Lanka, has announced plans to float a rights issue to raise Rs 914 million for expansion and to strengthen the company’s balance sheet, subject to Colombo Stock Exchange (CSE) and shareholder approval.