Dipped Products PLC (DIPD) has, by a Colombo Stock Exchange (CSE) corporate disclosure dated 4 January, announced that as a part of its growth strategy, it will be widening its product portfolio by venturing into the sports and mechanic gloves range.
For this purpose DPL Premier Gloves Ltd., a fully owned subsidiary of DIPD will invest approximately Rs. 1 billion to establish a state-of-the-art manufacturing facility in the Biyagama Export Processing Zone (EPZ) under the Board of Investment (BOI).
Under its growth strategy, DIPD and its subsidiaries are currently exporting rubber gloves to over 70 countries across the globe.
DIPD mainly engages in two businesses; manufacturing and export of protective hand-wear and plantations.
DIPD is one of the world’s largest manufacturers of protective hand-wear, accounting for 28% of Sri Lanka’s total glove exports and serving close to 5% of total global demand for natural and synthetic latex-based household and industrial gloves. With five manufacturing facilities – in Sri Lanka (four facilities) and Thailand (one facility) – the group offers an array of high-quality, innovative products which are sold in over 70 countries. The current protective hand-wear product range offered by DIPD includes 100 variants of supported gloves, 198 variants of unsupported gloves, and 55 variants of disposable gloves. The marketing and distribution arm of DIPD’s protective hand-wear business is located in Italy.
Under its plantation business DIPD offers a product range that includes high, low, and medium-grown tea and rubber. The company’s subsidiaries, Kelani Valley Plantations PLC (KVAL) and Talawakelle Tea Estates PLC (TPL) are among Sri Lanka’s leading regional plantation companies, producing a considerable amount of Sri Lanka’s tea and rubber production through more than 42 estates in five districts with over 12,845 hectares cultivated.
DIPD is part of Hayleys PLC, one of Sri Lanka’s most respected and diversified business conglomerates which commands leading positions across key sectors.
Dipped Products to manufacture sports and mechanic gloves
05 Jan 2022
Dipped Products to manufacture sports and mechanic gloves
05 Jan 2022
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Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Automobile, Mother and Baby Products, Clothing, and Fashion. Additionally, Kapruka offers unique online services like Money Remittance, Astrology, Medicine Delivery, and access to over 700 Top Brands. Also If you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.Send love straight to their heart this Valentine's with our thoughtful gifts!