Sri Lanka, Feb. 24 -- MAS Holdings announced the cessation of garment manufacturing at its Methliya plant in Thulhiriya, opting instead to repurpose the facility exclusively for fabric production. The company stated that the site will now focus on knitting, dyeing, and finishing to enhance its upstream textile capacity.

According to the official statement, all other group operations remain normal. The move aims to mitigate long-term impacts from the global apparel market contraction by redistributing garment production capacity to other MAS facilities across Sri Lanka.

Key details regarding the transition include:

Employee Options: Approximately 2,200 affected staff members can choose to transfer to other MAS locations within Sri Lank...