Toray Industries (H.K.) Ltd., has officially entered into a joint venture with South Asia’s largest apparel manufacturer MAS Holdings, creating a unique opportunity to strengthen their supply chain capabilities and expand product manufacturing for the fast-growing Indian market.
The new entity, Toray MAS Apparel India, will establish a state-of-the-art manufacturing facility at the MAS Apparel Park in Bhuinpur, Odisha, which is currently under development. The groundbreaking for the park took place in March 2025, with operations scheduled to commence in early 2026. The facility will serve both existing and potential customers in the region, supporting rising demand for high-quality, innovative textile solutions.
The signing ceremony for the joint venture was held in June at the MAS Head Office in Colombo, where Teruo Funahashi, Managing Director of Toray Hong Kong, and Suren Fernando, Group Chief Executive Officer of MAS Holdings, represented the two organizations.
Commenting on the partnership, Teruo Funahashi said, “Toray MAS Apparel India will contribute to local employment and economic growth by manufacturing advanced, top-quality offerings. The company will serve as a garment stronghold in India for Toray and MAS Holdings, reinforcing our partnership through strategies that leverage both organizations’ capabilities.”
Suren Fernando, Group CEO of MAS Holdings, added, “This joint venture marks a significant step in strengthening our global supply network and deepening our partnership with Toray Industries. The Odisha facility will play a critical role in supporting our customers’ evolving needs, driving innovation, and contributing to regional economic development. In today’s global landscape, strategic partnerships like this are key to enhancing capabilities and continuing to deliver value-added solutions.”
The collaboration combines MAS Holdings’ extensive apparel manufacturing expertise with Toray Industries’ advanced material technologies, positioning Toray MAS Apparel India to deliver innovative products to global brands while fostering economic growth and job creation in Odisha.
In line with sustainability commitments, the facility will integrate renewable energy solutions such as rooftop solar PV, energy-efficient technologies, and advanced water and wastewater management systems. It will also incorporate universal accessibility and responsible practices in waste and chemical management, ensuring future operations align with both environmental stewardship and social responsibility.
News Courtesy: Textileinsights