PROJECT

Projects

Summary of Investment Information

Project Number

44341

Company Name

BRANDIX LANKA LTD

Date SPI Disclosed

Feb 18, 2021

Country

Sri Lanka

Region

South Asia

Projected Board Date

Mar 25, 2021

Environmental Category

B - Limited

Status

Active

Last Updated Date

May 5, 2024

Department

Regional Industry - MAS Asia & Pac

Industry

Manufacturing

Previous Events

Approved : Jun 28, 2021
Signed : Aug 20, 2021
Invested : Nov 9, 2021

Sector

Garment and Apparel (With Primary Textile Operations, Excluding Footwear)

Project Description

Brandix Lanka Limited (“BLL” or the “Group”) is an apparel manufacturer headquartered out of Sri Lanka and manufactures apparel primarily across four categories: Activewear, Casualwear, Intimate wear and Sleep & Loungewear. The Group employs 60,400 and has 28 manufacturing facilities across 5 countries, namely, Sri Lanka, India, Bangladesh, Cambodia and Haiti. Brandix Apparel Limited (“BAL”) is a wholly owned subsidiary of BLL and houses the manufacturing operations in Sri Lanka.

The Project consists of financing the medium and long-term working capital requirements and capital expenditure of BAL’s existing operations in Sri Lanka.

Associated Advisory Engagement

N/A

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation