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SEP 28
Establishment of the Academy of Textile & Apparel for employees of Ocean Lanka (Private) Co., Ltd.

Information Sources:Fountain Set (Holdings) Limited (the “Company”) - Corporate Governance Department of the Group

Release Date:2023-09-28


To meet the growing demand for advanced technologies in the textile and clothing industry, Ocean Lanka (Private) Co., Ltd. ("Ocean Lanka"), a subsidiary of the Company, announced the establishment of the Academy of Textile & Apparel, which aims to enrich Ocean Lanka's employees’ expert knowledge about the industry.


As a forward-looking company that attaches great importance to employee welfare and corporate branding, the Company firmly believes that employees are the most valuable asset of the Company. The Company is eager to grow hand in hand with diligent, proactive, and energetic talents. By investing in the development of Ocean Lanka employees, we established the Academy of Textile & Apparel to create an inclusive learning environment and provide learning and growth opportunities for the employees. It will not only strengthen the workforce of Ocean Lanka but also drive Ocean Lanka to new heights of success.


The new academy will serve as a center for learning and development, offering a wide range of programs and rich educational resources to increase personal development opportunities for Ocean Lanka employees. With the support of the expert panel of lecturers, employees will have the opportunity to learn more knowledge and skills related to the textile and apparel industry, gain the latest industry insights, and collaborate with experts in various fields to comprehensively enhance employees' competitive advantages, which cater to market requirements.


The Academy symbolizes Ocean Lanka's commitment to growth, excellence, and sustainability. The Company envisions that the new college will be closely integrated with regional industrial development and provide solutions with innovative results to assist the development of the textile and garment industry.


About Ocean Lanka

Ocean Lanka was established in 1994 as a joint venture between the Company and Sri Lankan clothing leaders Brandix Lanka (Private) Limited and Ceylon Knit Trend (Pvt) Ltd. (a subsidiary of Hirdaramani Group) (the Company 60%; other 40%). It is located in the suburbs of Colombo, the capital of Sri Lanka. Ocean Lanka is the largest manufacturer of weft knitted fabric in Sri Lanka and the first manufacturer in Sri Lanka's textile and garment industry to establish a system partnership with Bluesign. With over 25 years of experience, Ocean Lanka produces high-quality and world-class fabrics for renowned international brands, including Victoria's Secret, PVH (Tommy Hilfiger/Calvin Klein), Nike, and Uniqlo. Ocean Lanka represents a unique collaboration combining the strength and expertise of a world-renowned entity.