Twin wins for Teejay Lanka at Presidential Export Awards
Teejay Lanka PLC, Sri Lanka’s leading fabric manufacturer, won twin awards as the ‘Best Textile Exporter’ in Sri Lanka at the combined 2019-20 and 2020-21 Presidential Export Awards ceremony hosted by the Export Development Board (EDB). These are Teejay Lanka’s second and third consecutive ‘Best Exporter’ awards in the Knitted Fabric Sector. The Company won this title for the first time on its debut at the Presidential Export Awards in 2019.
The combined awards ceremony marks the 24th edition of this awards programme and was necessitated by the COVID-19 pandemic which prevented the conduct of last year’s ceremony. The Best Textile Exporter awards were presented to Teejay in recognition of its outstanding contribution to the export sector and to the economic development of Sri Lanka.
Teejay Lanka, which has been on a steady growth trajectory over the years, reported a total revenue of US$ 112.9 million for 2020-21 and US$ 109.2 million for 2019-20. Of this, 11 per cent (about Rs 2.4 billion at current exchange rates) was generated by exports to customers in Bangladesh, Italy, India, and Haiti in 2020-21, while in 2019-20, exports of approximately Rs 5 billion represented 23 per cent of revenue.