MAS Holdings was honoured for its efforts towards a national initiative to reduce plastic waste at the inaugural annual awards ceremony organised by Eco-Spindles (Pvt) Limited recently.
The award recognised MAS Kreeda’s innovative incorporation of fabric produced by yarn sourced from recycled PET bottles by the local recycled-yarn vendor, to manufacture Kreeda’s trademark high-end sportswear.
Eco-Spindles noted that in 2020, Kreeda’s consumption of such traceable, waste-to-value fabric was equivalent to a little under 18 million PET bottles, which would otherwise have ended up in landfills or polluted water bodies in the country. Collectively, MAS has used yarn sourced from over 21 million PET bottles throughout the past year, an indispensable solution supporting the country’s journey towards a circular economy.
“The Eco Spindles Award recognises MAS Kreeda’s commitment to make our supply chains more sustainable and circular, reducing plastic waste as we move together in partnership ‘Towards a Better Planet’,” CEO of MAS Kreeda and Member of the Apparel Board Sarinda Unamboowe said.
“We appreciate this recognition for our contribution towards the effective end-of-life management of PET by re-imagining our manufacturing process, while meeting our stringent quality and performance benchmarks.” “Kreeda’s efforts reflect our continuous inspiration by our stakeholders’ long-term commitment towards environmental sustainability and making a lasting, positive impact on our planet,” he said. Kreeda was placed second to Teejay Lanka PLC, followed closely by Hayleys Fabrics PLC at fourth place.