What Ocean Lanka (pvt) Ltd does

Ocean Lanka (Pvt) Ltd, headquartered in the Biyagama Export Processing Zone in Malwana, Sri Lanka, is the country's largest weft knitted fabric manufacturer and a joint venture between Hong Kong-based Fountain Set Holdings and local apparel groups Hirdaramani Group and Brandix Lanka Limited. The company was incorporated in 1994 and commenced full-scale operations in 1996, and now operates as a vertically integrated textile producer serving major international apparel brands directly through B2B enterprise sales relationships.

The company's core products are weft knitted fabrics (solids, prints, and yarn-dyed fabrics) produced through an integrated production chain spanning knitting, dyeing, yarn dyeing, finishing, and printing. The knitting facility runs approximately 200 machines from Fukuhara (Japan), Pai-Lung (Taiwan), and Mayer & Cie (Germany), producing 75,000-80,000 lbs of fabric per day. The dyeing facility has 65 machines with 100,000 lbs per day capacity, including low-liquor-ratio machines (1:5 vs. 1:15 for older units) that materially improve water and chemical efficiency. Finishing is supported by 9 stentner machines, and printing combines digital printing (unlimited colors) with rotary screen printing (up to 12 colors), including pigment, glitter, reactive, burn-out, discharge, and disperse options. Sublimation printing for synthetic fabrics was added in 2022, and a new Multifunctional Facility for synthetic textiles was launched in 2025.

Ocean Lanka generates revenue through direct B2B supply of fabrics to more than 15 named global brands including Victoria's Secret, Nike, Adidas, M&S, Gap, PVH, H&M, Levi's, Hugo Boss, Puma, Hanes, Lacoste, and Uniqlo. Pricing is negotiated privately under long-term enterprise contracts and is not publicly disclosed. The company invests heavily in sustainability credentials, holding bluesign system partnership (the first in Sri Lanka's textile industry), GOTS, GRS, BCI, Oeko-Tex, ISO 14001, ISO 45001, and Higg FEM certifications, and operates dedicated sustainability, R&D, and training functions including the Ocean Lanka Academy of Textile and Apparel launched in 2023.

Name

Ocean Lanka (pvt) Ltd

Legal name

Ocean Lanka (Pvt) Ltd

Website

https://oceanlanka.com

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Ocean Lanka is Sri Lanka's largest weft knitted fabric manufacturer, a joint venture between Fountain Set Holdings, Hirdaramani Group, and Brandix Lanka. Founded in 1996, it supplies vertically integrated knitting, dyeing, finishing, and printing services to major international apparel brands.

Ownership category

akta.pro rank

Product category

Knitted Fabric Manufacturing

NAICS

Knit Fabric Mills (31324), Knit Fabric Mills (313240)

SIC

Knitting Mills (2250)

akta.pro primary industry

Knitted Fabric Mills (IMAOABAB)

akta.pro secondary industry

Textiles, Fabrics, Trims & Components Suppliers (CRAAAAAL)

Keywords

• Weft knitted fabrics
• Textile manufacturing services
• Fabric dyeing finishing
• Apparel fabric supply
• Sustainable textile production

Headquarters

HQ city

Malwana

HQ country

Sri Lanka

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Fabric Manufacturing and Supply: Ocean Lanka generates revenue through the manufacture and supply of weft knitted fabrics to international apparel brands. The company produces high-quality fabrics including solids, prints, and yarn-dyed fabrics through its vertically integrated production capabilities spanning knitting, dyeing, finishing, printing, and fabric collection.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels5 records

Core offering

Ocean Lanka manufactures weft knitted fabrics and provides fully integrated textile production services — knitting, dyeing (fabric and yarn), finishing, printing, and fabric collection — supplying high-quality fabrics to international apparel brands such as Victoria's Secret, Nike, Adidas, M&S, Gap, PVH, Intimissimi, Next, Columbia Sportswear, H&M, Levi's, Hugo Boss, Puma, Hanes, Lacoste, and Uniqlo. Production capacity reaches 75,000–80,000 lbs/day in knitting and ~100,000 lbs/day in dyeing, supported by approximately 200 knitting machines and 65 dyeing machines.

Product overview

Ocean Lanka (Pvt) Ltd is Sri Lanka's largest weft knitted fabric manufacturer offering a comprehensive suite of textile solutions as an integrated manufacturing operation. The company's core product portfolio centers on weft knitted fabrics produced through vertical integration of knitting, dyeing (with 65 machines), yarn dyeing, finishing (with 9 stentner machines), and printing services (including digital and rotary screen printing). Their fabric collection provides access to a vast range of fiber blends, prints, and new fabric developments. The company also offers sustainable textile options including GOTS certified organic cotton, BCI cotton, Cotton made in Africa, and Global Recycled Standard materials. Production capacity reaches 75,000-80,000 lbs of fabric per day in knitting and approximately 100,000 lbs in dyeing.

Differentiator

Problem solved

Functional benefit

Products and services

• Weft Knitted Fabrics Ocean Lanka's primary product offering — high-quality weft knitted fabrics in a wide range of fiber blends, prints, and new fabric developments for renowned international apparel brands.
• Knitting Services State-of-the-art fabric knitting services using approximately 200 knitting machines — Weft Circular, Auto Stripe, and Flat Knitting Machines — from Fukuhara (Japan), Pai-Lung (Taiwan), and Mayer & Cie (Germany), with production capacity of 75,000–80,000 lbs of fabric per day.
• Textile Dyeing Services Fabric dyeing services with 65 machines capable of dyeing approximately 100,000 lbs of fabric each day, using advanced low liquor ratio machines (1:5) for water efficiency compared to older 1:15 machines.
• Yarn Dyeing Services In-house package dyeing facility producing a wide range of dyed yarn predominantly used in stripe fabrics, supporting batch sizes from 1 kg to 500 kg.
• Fabric Finishing Services Comprehensive finishing services using a wide range of sueding machines, 9 stentner machines, and washers to fine-tune fabric appearance and feel.
• Fabric Printing Services Digital printing capable of unlimited colour prints and rotary screen printing (12 colour maximum) including pigment, glitter, reactive, burn out, discharge, and disperse prints, operating as an eco-friendly fabric printing unit.
• Fabric Collection Access to a vast range of weft knitted fabrics, fiber blends, prints, and new fabric developments for customers seeking quality with unique styling.
• Sustainable Textiles Environmentally sustainable fabric offerings including GOTS certified organic cotton, BCI cotton, Cotton made in Africa (CmiA), and Global Recycled Standard (GRS) certified materials.
• Antibacterial Face Mask All-natural antibacterial reusable face mask made from 100% GRS certified recycled cotton blended with organic cotton, treated with Holy Basil (Tulsi) and Neem extracts effective against pathogenic bacteria.

Quantifiable outcome

• Production capacity of 75,000-80,000 lbs of fabric per day in knitting
• +3 more outcomes

Named customers17 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Eleven partnerships are on record, tiered minor and core.

• Foundation of GoodnessminorOthers · 5 November 2024Ocean Lanka partnered with PVH and Foundation of Goodness to support community development across Sri Lanka. Foundation of Goodness is a community development organization working on social upliftment programs.
• Reforest Sri LankaminorOthers · 9 February 2023Ocean Lanka donated plastic drums to Reforest Sri Lanka to assist their efforts in keeping the Sri Padha region clean from pollution. This supports environmental conservation initiatives.
• Cotton made in Africa (CmiA)coreStrategic or Co-development Partner · 18 November 2020Ocean Lanka partnered with Cotton made in Africa (CmiA) to increase the sustainable cotton portion of their products. CmiA is an initiative that improves the living conditions of smallholder cotton farmers in sub-Saharan Africa while promoting ecologically and socially progressive cotton production.
• Bluesign Technologies agcoreStrategic or Co-development Partner · 19 November 2019Swiss-based Bluesign Technologies ag is an internationally recognized environmental standard for textile production. Ocean Lanka became the first manufacturer within the textile and apparel industry of Sri Lanka to achieve bluesign system partnership, demonstrating commitment to continuous improvement of environmental performance.
• Fountain Set HoldingscoreStrategic or Co-development Partner · 1 January 1996Hong Kong based Fountain Set Holdings is one of the world's largest circular knitted fabric manufacturers. Ocean Lanka is a joint venture between Fountain Set Holdings and local apparel giants Hirdaramani Group and Brandix Lanka Limited. Fountain Set Holdings provides technology, expertise, and international market access to Ocean Lanka.
• Hirdaramani GroupcoreStrategic or Co-development Partner · 1 January 1996Local Sri Lankan apparel giant and joint venture partner in Ocean Lanka. Hirdaramani Group is one of the oldest and most respected apparel manufacturers in Sri Lanka, providing local market expertise and operational support.
• Brandix Lanka LimitedcoreStrategic or Co-development Partner · 1 January 1996Local Sri Lankan apparel giant and joint venture partner in Ocean Lanka. Brandix is a leading apparel manufacturer known for sustainability and innovation, providing local expertise and market connections.
• Better Cotton Initiative (BCI)coreStrategic or Co-development PartnerOcean Lanka works in collaboration with BCI, a not-for-profit organization stewarding global standards for Better Cotton. This partnership supports farmers who grow cotton more sustainably, reducing water and chemical use while increasing yields.
• FukuharacoreTechnology or IntegrationJapanese manufacturer of knitting machines used extensively at Ocean Lanka's production facility. Fukuhara machines are part of the approximately 200 knitting machines at the facility.
• Pai-LungcoreTechnology or IntegrationTaiwanese manufacturer of knitting machines used at Ocean Lanka. Pai-Lung machines contribute to the company's extensive knitting production capabilities.
• Mayer & CiecoreTechnology or IntegrationGerman manufacturer of knitting machines used at Ocean Lanka. Mayer & Cie machines represent world-class textile manufacturing technology at the facility.

Scale indicators9 records

Recent moves12 records

Expansion highlights6 records

Broad incumbents

• Toray Industries, Inc. Japanese textile conglomerate with global operations spanning fibers, yarns, and technical/performance fabrics. A broad incumbent whose synthetic fabric and performance textile divisions overlap with Ocean Lanka's growth segments.
• MAS Holdings (Pvt) Ltd. Sri Lankan apparel conglomerate serving Victoria's Secret, Nike, Lululemon and similar customers with vertically integrated fabric-to-garment operations. Broader scope than Ocean Lanka but a key domestic benchmark for scale, customer overlap, and innovation.
• Brandix Lanka Limited: Sri Lankan apparel conglomerate and one of Ocean Lanka's three JV parents. Operates a broader apparel value chain from fabric to finished garments and is a major regional incumbent in the same sourcing ecosystem.
• Fountain Set Holdings Limited: Hong Kong-listed parent JV partner and one of the world's largest circular knitted fabric manufacturers. Operates at greater scale across Asia and is the source of technology and market access for Ocean Lanka, making it both a related party and a comparable benchmark.
• Hirdaramani Group: Sri Lankan apparel conglomerate and one of Ocean Lanka's three JV parents. Comparable geographic base with vertically integrated apparel manufacturing; provides market access and operational expertise to Ocean Lanka.

Direct peers

• Teejay Lanka PLC: Sri Lanka-based weft knitted fabric manufacturer serving global apparel brands, with similar product mix of knit, dyed, and printed fabrics. Most directly comparable peer given overlapping geography, customer base, and technology platform.
• Eclat Textile Co., Ltd. Taiwan-based manufacturer of knit fabrics and garments serving global performance and lifestyle brands (Nike, Under Armour, etc.). Comparable in advanced knitting technology, brand customer profile, and integrated production model.
• Pacific Textiles Holdings Limited: Hong Kong-listed manufacturer of knitted fabrics serving leading apparel brands across Asia. Highly comparable product portfolio (knit fabric, dyeing, printing) and customer base in intimate apparel, sportswear, and casualwear.
• Delta Galil Industries Ltd. Israel-headquartered global manufacturer of knitwear and intimate apparel with vertically integrated fabric and garment operations. Comparable customer mix (Victoria's Secret, Nike, Adidas) and integrated dyeing/finishing capabilities.

Regional players

• Hela Apparel Holdings PLC: Sri Lankan apparel manufacturer serving global intimate apparel and sportswear brands. Comparable in geography and customer overlap, though more focused on garment assembly than knit fabric production.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCYsY-CFETl320y8CLpvPoKg
• Facebookfacebook.com/OceanLanka
• LinkedInlinkedin.com/company/ocean-lanka-pvt-ltd

Compliance13 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ocean Lanka (pvt) Ltd