Amid the challenges of a dynamic industry landscape, the Teejay Group has adeptly identified and harnessed promising opportunities, particularly through the strategic adoption of the “China Plus One” approach. This strategic move positions burgeoning economies like India and Sri Lanka as alluring hubs for foreign investment, enabling multinational corporations to diversify their manufacturing operations away from China.
Moreover, Teejay’s expansion endeavors, including its noteworthy partnership with Uniqlo and favorable trade agreements with India and Japan, are poised to invigorate the Group’s growth trajectory. Leveraging the advantageous depreciation of the Sri Lankan Rupee, Teejay has astutely positioned itself to capitalize on these prospects.
Established in the year 2000, Teejay Lanka PLC spearheads innovation as the parent company of Teejay Lanka Prints (Private) Limited and Teejay India Private Limited. These subsidiaries, collectively known as the Teejay Group, are trailblazers in the realm of multinational knit fabric mills. Operating in Sri Lanka and India, they specialize in weft knit manufacturing, setting a pioneering precedent in the industry.
With a strong presence across both Sri Lanka and India, the Teejay Group boasts advanced manufacturing facilities that include a state-of-the-art printing center in Sri Lanka. The combined efforts of a dedicated workforce of 3,212 individuals exemplify Teejay as the first multinational fabric mill originating from Sri Lanka. This geographical diversity underscores the Group’s commitment to delivering excellence on a global scale.
The Teejay Group’s rich fabric portfolio, encompassing Single Jersey, Interlock, Rib, Pique, Fleece, Lace, Jacquards, and Prints, is a testament to its commitment to catering to diverse customer needs. These premium fabrics find their way into the creations of prominent global brands, shaping products ranging from intimates and sleepwear to activewear. As the textile industry evolves, Teejay remains poised to embrace modern manufacturing techniques that align with emergent trends and international preferences.
By combining foresight with adaptability, the Teejay Group has forged a robust presence in European, American, and Asian markets. With a strong foothold in countries including the United States, United Kingdom, Italy, Germany, France, and Japan, Teejay stands as the preferred fabric provider for distinguished retail brands like PVH, Calzedonia, VS&Co., Decathlon, Marks & Spencer, Nike, Uniqlo, LIDL, Lacoste, and others.
A Vision of Growth, Innovation, and Sustainability
Embarking on a transformative journey, Teejay steadfastly adheres to its commitment to capacity expansion, innovative product development, and sustainable practices. This holistic approach forms the bedrock of Teejay’s ambition to achieve the significant milestone of becoming a USD 300 million company by 2024/25.
In its pursuit of growth, Teejay charts a trajectory marked by the expansion of its product portfolio. Incorporating a range of innovative offerings such as synthetics, airism, heat tech, fleece, and polo, Teejay aims to elevate its product capabilities and meet the evolving demands of the market.
Driven by a dedication to operational excellence, Teejay embraced digitization through the implementation of the SAP S/4 HANA ERP system. This digital transformation optimizes operations, enhancing accessibility to information, and streamlining processes at all levels, including the shop floor.
Fostering Innovation and Sustainability
Collaboration with INSCOPE, a hub of product innovation, stands as a testament to Teejay’s commitment to fostering creativity and sustainability. The Group’s involvement in nurturing emerging brands like Lululemon and Gymshark showcases its dedication to both growth and responsible practices.
Rooted in a comprehensive Sustainability Management Framework (SMF), Teejay reinforces its commitment to environmental and social responsibility. From key performance indicators to membership in the United Nations Global Compact (UNGC), Teejay’s sustainability initiatives align with the global best practices and standards.
Amidst industry shifts and external challenges, Teejay’s multifaceted approach-comprising geographical diversity, innovation-driven solutions, and well-executed capacity expansion strategies-forges a unique competitive advantage. This strategic resilience empowers Teejay to navigate uncertainties while maintaining its leadership in the dynamic textile manufacturing sector.