Teejay Lanka

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Teejay Lanka
TypePublic
ISINLK0394N00003
IndustryApparel
Founded2000; 22 years ago (2000)
Headquarters
Avissawella
,
Sri Lanka
Key people
  • Bill Lam (Chairman)
  • Pubudu de Silva (CEO)
RevenueDecrease LKR31,780 million (2021)
Decrease LKR2,441 million (2021)
Decrease LKR2,139 million (2021)
Total assetsIncrease LKR31,099 million (2021)
Total equityIncrease LKR17,764 million (2021)
Owners
Number of employees
2,711 (2021)
Subsidiaries
  • Teejay Lanka Prints
  • Ocean Mauritius Limited
  • Teejay India
Websitewww.teejay.com
Footnotes / references
[1]

Teejay Lanka PLC formerly known as Textured Jersey Lanka is a knitted fabric manufacturer in Sri Lanka[2] and is one of the constituents of the S&P Sri Lanka 20 Index of the Colombo Stock Exchange. The company received the award of the best textile exporter in Sri Lanka at the Presidential Export Awards in 2019 and ranked amongst the 100 most respected companies in the country by the LMD magazine.[3] The company is a supplier to the brands such as Nike, PVH, L Brands, Marks & Spencer, Decathlon, Lidl, and Calzedonia.[4]

History[]

In 2000, Textured Jersey Lanka was founded as a joint venture between Linea Clothing and Textured Jersey (lately known as Pacific Textiles). In 2007, shareholding changed with Brandix joining Pacific Textiles, and in 2011 the company listed publicly. In 2016, the company rebranded as Teejay Lanka.[5]

Operations[]

The company carries out manufacturing operations in Sri Lanka as well as in India. Despite the lockdowns due to the COVID-19 pandemic in Sri Lanka and India, Teejay Lanka was able to post a net profit of LKR 2.4 billion in the fiscal year of 2019/20 which is an improvement of 28 percent over the last year.[3] During the pandemic Tejay Lanka moved to manufacture personal protective equipment or PPE as a strategic decision.[6]

Legal issues[]

On August 10, 2020, the Colombo Magistrate Court issued a notice on the company to appear before the court in connection to an alleged attempt to dump hazardous waste into the ocean through a contract.[7]

See also[]

References[]

  1. ^ "Annual Report 2020/21" (PDF). cse.lk. Teejay Lanka PLC. Retrieved 4 January 2022.
  2. ^ "Teejay Lanka PLC". ft.com. Financial Times. Retrieved 13 March 2021.
  3. ^ a b "Teejay ends 2019-20 with net profit up 28-pct". lankabusinessonline.com. Retrieved 13 March 2021.
  4. ^ "Annual Report 2019/2020" (PDF). Teejay Lanka. Retrieved 13 March 2021.
  5. ^ "Teejay Lanka". lmd.lk. LMD. Retrieved 13 March 2021.
  6. ^ "Sri Lanka's Teejay expects supply chain shake-up, lower cotton prices to help". economynext.com. Echelon Media. Retrieved 13 March 2021.
  7. ^ Fernando, Nishel (12 August 2020). "Notice re-issued on Teejay Lanka over alleged sludge waste dumping". dailymirror.lk. Daily Mirror. Retrieved 13 March 2021.

External links[]

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