Sri Lankas’s MAS Holdings adjudged ‘Exporting Conglomeate of the Year’ at Presidential Export Awards 2019 for the second consecutive year

by Textile Quotient News Desk
30 Sep 2019

MAS Holdings, one of Sri Lanka’s leading apparel export firms, was recently recognised as the ‘Exporting Conglomerate of the Year’ at the Presidential Export Awards 2019, held at the BMICH Colombo. This marks the second consecutive year the company has been awarded this honour, after it was introduced at last year’s awards to celebrate export excellence by a Sri Lankan corporate. The firms also received accolades for Contributor to Sustainable Development in Exports and Exporter to the Global Value Chain.

Held under the patronage of the President H.E. Maithripala Sirisena this year, the Presidential Export Awards recognize and reward top performers in the export community who make a significant contribution to the national economy. The ‘Exporting Conglomerate of the Year’ accolade is awarded following a stringent selection process based on several criteria including a company’s export turnover, financial performance, value addition and creation of employment opportunities. MAS was adjudged the winner owing to its market-leading position in focus areas such as product innovation, implementation of sustainable policies, the company’s impact through CSR, implementation of Quality Management Systems and incremental growth of exports.

Commenting on the occasion, Deputy Chairman of MAS Holdings, Sharad Amalean said, “MAS is proud to have contributed towards positioning Sri Lanka as an ethical and sustainable destination for high-value, technologically advanced design-to-delivery apparel solutions. We dedicate this award to our valued employees who are the driving force behind our business. As we head into a digital era in the country and MAS evolves as a global company, we have an opportunity to enhance our skills and knowledge further. Technology will play a crucial role in enabling our growth, as well as the development of the export industry as a whole, increasing our individual effectiveness and efficiency, and leading to greater value addition. These awards are a testament of the hard work and commitment shown by all our associates across the country and beyond.”

Suren Fernando, Chief Transformation Officer/CEO Designate – MAS Holdings stated, “For the past 30 years, MAS has been a vital part of Sri Lanka’s economic fabric. At a macro level we have shaped our nation’s journey to establish itself as a leading partner for the world’s most iconic brands. At a micro level, we have helped hundreds of thousands of people build their lives – as a source of employment, strength, and community. As we now craft our future as a ground-breaking apparel technology company offering consumers functional clothing solutions for diverse needs, we will strive to keep setting the pace for Sri Lanka’s apparel industry.”

Initiated by the Export Development Board in 1981, the Presidential Export Awards are the most prestigious export awards in Sri Lanka and are presented to companies that have made a significant contribution to the country’s economy.

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