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Palla and Company (Pvt) Ltd a subsidiary of Ceylon Leather Products PLC (CLPL), said it has suspended its operations since 31 August 2015.
Palla and Company (Pvt) Ltd is a footwear manufacturing company, approved project of the Board of Investment of Sri Lanka focused to the European and American markets.
Ceylon Leather Products PLC (CLPL), a subsidiary of Environmental Resources Investment PLC (ERI), has ...acquired a 60% stake in footwear exporter - M/s Palla & Company (Pvt) Ltd, at Rs. 418 million including preference shares in early 2012.
The company earlier said that, "its 100% of the productions were exported of which 40% goes to Italy. The Palla team consists of Italian, Brazilian, Romanian experts who have extensive experience in shoe designing and production."
Courtesy: Ceylon Financial Today 10 September 2015
Palla and Company (Pvt) Ltd is a footwear manufacturing company, approved project of the Board of Investment of Sri Lanka focused to the European and American markets.
Ceylon Leather Products PLC (CLPL), a subsidiary of Environmental Resources Investment PLC (ERI), has ...acquired a 60% stake in footwear exporter - M/s Palla & Company (Pvt) Ltd, at Rs. 418 million including preference shares in early 2012.
The company earlier said that, "its 100% of the productions were exported of which 40% goes to Italy. The Palla team consists of Italian, Brazilian, Romanian experts who have extensive experience in shoe designing and production."
Courtesy: Ceylon Financial Today 10 September 2015
