Home / Business/ Hellmann MAS Supply Chain signs new deal with BOI

Hellmann MAS Supply Chain signs new deal with BOI


Comments / {{hitsCtrl.values.hits}} Views / Thursday, 11 July 2019 01:04

Facebook

 

  • Move to expand unit for logistics centre for a globally recognised leader in sports and activewear 

The Board of Investment of Sri Lanka has signed an agreement with Hellman MAS Supply Chain Ltd., for an expansion unit for a logistics centre and as the existing facility is now been expanded to provide additional services to an evolving successful partnership supporting a leading global sports and activewear brand.

The agreement was signed by BOI Chairman Mangala Yapa and by Shirendra Lawrence and Jehan Mutaliph, the Directors of Hellmann MAS.

Hellmann Worldwide Logistics and MAS Holdings signed an agreement in January 2018 to set up a joint venture for logistics and supply chain related activities.

Hellmann MAS Supply Chain currently operates five locations (two of which are BOI registered). The first BOI location provides logistics and distribution for incoming goods and local operations going beyond apparel. The second location is providing value added services for products being prepared for export with VAS, warehousing and logistics.

Shirendra Lawrence who is also the Group COO for MAS Holdings stated: “MAS has been delighted with the progress of the logistics business which has added value to the services provided to our customers and providing us with a competitive advantage with our customers. The logistics VAS centre could eventually be expanded to operate under the Hub Act.”

Lawrence also added: “Apart from providing value added services, HMSC, provides warehouse capacity enabling MAS Group of Companies to expand their core competency in manufacturing by releasing previously utilised warehouse capacity for a globally recognised leader in the sports and activewear space.”

Anton Grebener who is the CEO for Hellmann MAS Supply Chain stated: “I am optimistic that the demand continues to increase as is seen and we will not only require a further expansion unit in early 2020 for the current activities that we provide, but also expand in building a comprehensive end to end validated supply chain solution for the fashion sector from Sri Lanka.”

He went on to point out that as we move beyond 2019 and having received positive feedback on the advantages HMSC offers to MAS Holdings and its customers, the intention as we move into 2020 will be to provide the same services to apparel exporters beyond MAS who would leverage on its capabilities. 


Share This Article

Facebook Twitter


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

Expand employer-backed childcare to close the gender gap in Sri Lanka

Friday, 19 July 2019

In Sri Lanka, women’s formal workforce participation is at only 36%, compared with 75% for men. Sri Lanka could raise its gross domestic product by as much as 20% in the long-run by closing the gender gap in the workforce, according to one estimate


Who should be our next president?

Friday, 19 July 2019

After the recent terrorist attacks and the subsequent violence unleashed against innocent Muslims by racists, Sri Lankans are searching for a leader who can save the country. Many have lost faith in the leaders, due to the breakdown in the security a


The messed-up lives

Friday, 19 July 2019

It can be seen that there is a serious mess-up not only in the State and the social system in Sri Lanka, but also in the lives of the people. People of Sri Lanka are having smiling faces, yet those who live happily are very rare. You will find that u


Reimagining our reality: the last best hope for us?

Friday, 19 July 2019

Imagination can be a powerful tool for shaping everyday reality. We use it to construct everything from the mundane to the mystic. A down-to-earth example would be our subscription to the idea of the intrinsic value and worth of every human being. I


Columnists More