July 10, Colombo: The Board of Investment (BOI) of Sri Lanka signed an agreement with Hellman MAS Supply Chain Private Ltd for an expansion unit for a logistics center and as the existing facility is now been expanded to provide additional services to an evolving successful partnership supporting a leading global sports and active wear brand.
The Agreement was signed by Mangala Yapa, Chairman of the BOI 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.
"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 center could eventually be expanded to operate under the Hub Act," Lawrence who is also the Group COO for MAS Holdings said.
"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 utilized warehouse capacity for a globally recognized leader in the sports and active wear space."
CEO for Hellmann MAS Supply Chain Anton Grebener said: "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.