Teejay Lanka
Teejay Lanka PLC formerly known as Textured Jersey Lanka is a knitted fabric manufacturer in Sri Lanka 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. The company is a supplier to the brands such as Nike, PVH, L Brands, Marks & Spencer, Decathlon, Lidl, and Calzedonia. 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. 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. During the pandemic  Tejay Lanka moved to manufacture personal protective equipment or PPE as a strategic decision. 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.