Hela Apparel Holdings commences operations in Egypt
Following the conclusion of its successful listing on the Colombo Stock Exchange, Hela Apparel Holdings has expanded its global footprint by formally commencing operations at its latest factory in Egypt recently.
The much-awaited expansion will enable the company to provide an attractive nearshore manufacturing offering, strengthening the organization’s focus on providing the world’s leading apparel brands with innovative and sustainable supply chain solutions.
The 275,000 square foot manufacturing facility is situated in the Alexandria Governorate, an area with a well-established skill base in apparel manufacturing that also hosts one of Egypt’s largest ports. The facility is equipped to accommodate up to 2,500 workers during a single shift, with the potential for significant further expansion. With this new addition, Hela has increased its global footprint to 12 directly-operated manufacturing facilities, reaffirming its position as one of the leading apparel manufacturers in Africa.
Sanath Amaratunga, CEO of Hela Kidswear said, “We’ve had an extremely positive response from both our existing and a range of new customers on our expansion into Egypt. It offers an immediate solution to the growing demand for speed in apparel sourcing. The well-established skill base and integrated supply chain in Egypt allow us to offer a range of product types at competitive rates. In addition, Government authorities are very supportive and provide a range of incentives when establishing export-oriented manufacturing in Egypt.”
Egypt offers a range of advantages for apparel manufacturing – most notably its geographic proximity to major markets, with shipping times as little as 3 days to Europe and 12 days to North America.
“Given the strong interest we are seeing from customers, we expect a significant positive contribution to both top and bottom-line growth from Egypt over the coming months, with the medium-term goal of reaching USD 100 million in exports from the country,” he added.
Hela Apparel Holdings is a social capital-focused company built on a culture of inclusivity, equality, and sustainability with a strong focus on strategic partnerships with long-standing customers, providing responsive and dynamic end-to-end supply chain solutions to global apparel brands.