MAS Holdings, an apparel and textile manufacturer based in Sri Lanka, has secured a stake in HeiQ AeoniQ, the subsidiary of leading materials innovation company HeiQ Group, which aims to offer a sustainable alternative to polyester and nylon..

MAS Holdings, an apparel and textile manufacturer based in Sri Lanka, has secured a stake in HeiQ AeoniQ, the subsidiary of leading materials innovation company HeiQ Group, which aims to offer a sustainable alternative to polyester and nylon..

MAS Holdings’ investment aligns with its strategy to generate 50% of its revenue through sustainable products by 2025. With a turnover of approximately $2bn, MAS Holdings’ partnership will focus on the production of the climate-positive cellulosic yarn.