Italian hosiery, underwear and swimwear maker Calzedonia Finanziaria is investing US$20m in a new garment factory in the northern Sri Lankan province of Vavuniya.

Italian hosiery, underwear and swimwear maker Calzedonia Finanziaria is investing US$20m in a new garment factory in the northern Sri Lankan province of Vavuniya.

The facility, which will produce brands including Tezenis, Intimissimi and Calzedonia for export to Europe, is due to begin operations in October 2012 and will employ up to 1500 workers at full capacity.

It will be operated by Omega Line Limited, a fully-owned owned unit of Calzedonia Finanziaria, which has been producing in Sri Lanka since 1999 and now have 3,000 employers in the country producing lingerie.

Its total investment in Sri Lanka so far is around US$45m on 2 state-of-the-art factories, with annual exports of over $300m to Italy alone.

Calzedonia has other manufacturing operations in Croatia, Serbia as well as Bulgaria.

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