BATA
June 1st, 2001
KEITH NUTHALL
BATA Ltd, Sri Lanka's biggest shoemaker, has claimed that it is turning around from a period of financial and labour problems at its retail outlets, with increased production and planned profitability in the south Asian island. The multinational company's Peruvian-born MD Jorge Carbajal rejected reports and speculation in the Sri Lankan press that Bata was closing down its island production unit, selling off interests to a competitor and limiting its operations to an import and distribution outfit.
BATA Ltd, Sri Lanka's biggest shoemaker, has claimed that it is turning around from a period of financial and labour problems at its retail outlets, with increased production and planned profitability in the south Asian island. The multinational company's Peruvian-born MD Jorge Carbajal rejected reports and speculation in the Sri Lankan press that Bata was closing down its island production unit, selling off interests to a competitor and limiting its operations to an import and distribution outfit.
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