Home / Knowledge / News / CLPL in talks to revive famous DI brand
CLPL in talks to revive famous DI brand
Sep '07
Country's largest leather manufacturer, Ceylon Leather Products Ltd (CLPL), has decided to clear off debts by selling valuable land and revive the once-popular DI brand, sources said.

Accordingly, the company will likely sell either its factory or tannery situated at Mattakkuliya within the next two weeks at the best available price.

It also plans to set in motion a modernizing process and manage its working capital in a more efficient manner.

Sources revealed that CLPL's factory and office space, located in a 3.4 acre plot, is estimated at Rs 340 million while the 4.75-acre tannery is valued at Rs 380 million.

The company also wants to settle its liabilities of Rs 180 million to state banks as well as other liabilities of Rs 20 million and shift the factory to Gampaha or Kadawatha.

Talking about DI, the sources said it was a very famous brand and held a strong market share against bigger names like Bata but petered out due to problems in the company. CLPL plans to revive DI and cash in on the good brand image that it once had in the market.

Must ReadView All

Courtesy: Fancycrave.com from Pexels

Apparel/Garments | On 22nd Jun 2018

EU's retaliatory duty on US apparel takes effect

As part of the three-pronged response outlined by the European...

NCC applauds House passage of farm legislation

Textiles | On 22nd Jun 2018

NCC applauds House passage of farm legislation

The National Cotton Council (NCC) of the US has welcomed the passage...

Courtesy: Roman Pohorecki from Pexels

Apparel/Garments | On 22nd Jun 2018

UK launches inquiry on sustainability of fashion industry

The Environmental Audit Committee of the UK Parliament has launched...

Interviews View All

Abhishek Samdaria

GST will certainly reduce a lot of paperwork in future

C Kamatchisundaram

ITME is an occasion not only to receive new leads but also to work on...

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Carolin Russ

Weko, Weitmann &amp; Konrad GmbH &amp; Co KG, based in south Germany, is...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Amiben Shroff

From its modest beginning in the late 1960s, Shrujan has grown into a...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Advanced Search