Major Indian leather manufacturing business up for s - leatherbiz: Lea Leatherbiz

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Major Indian leather manufacturing business up for sale

19/02/2004

India’s largest consumer goods maker, Hindustan Lever (HLL), has announced it is looking for a buyer for its leather business.

 

Revenues for the division, which became a subsidiary in April 2002 and has manufacturing units in Mettupalayam, Pondicherry and Chennai, currently stand at around Rs150 million ($3.3 million) per year. According to HLL, the loss of key European customers has placed the division under pressure.

 

The company is also looking for a buyer for its starch business.

 



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