NEWS & MEDIA

ACL Cables Ascends LMD 100 Showcasing Market Dominance

2019-01-01

Showcasing remarkable dominance, Sri Lanka’s Number 1 cable manufacturer, ACL Cables PLC has witnessed a marked rise according to LMD 100-Sri Lanka's leading 100 listed companies 2017/2018 as published by the nation’s premier business magazine, Lanka Monthly Digest’s annual pioneering rankings.

According to the list, ACL Cables is now ranked 53rd among the Top 100, climbing three places from the 56th position as witnessed last year. Additionally, affirming the company’s performance, ACL Cables has also been ranked 41st among the Top 100 movers of the Year.

Commenting on the company’s affirmed dominance, Suren Madanayake, Managing Director, ACL said, “We are very proud and elated to witness our progress among Sri Lanka's top 100 listed business entities. Our ranking demonstrates and proves our commitment towards growing the industry during the last financial year. I wish to thank all our business partners and stakeholders as a whole in contributing towards this achievement and our continued success. We firmly believe our journey of continuous innovation and smart market investment opportunities have resulted in this remarkable accomplishment.”

In the Sector Profile, ACL Cables categorized under the Manufacturing Sector is ranked Number 6. This noteworthy classification is symbolic as ACL Cables has made its way into the forefront proving its number one position in the cable industry.

LMD’s annual ranking of leading listed companies in Sri Lanka is firmly established to showcase capabilities of diverse entities. Several key criteria including revenue profit, assets, funds, profit margins, return on equity etc., are taken into account to showcase a company’s financial strength within its sector and industry and also overall status.

As the country’s cable expert and pioneering cable manufacturer, ACL Cables holds a market share of 70% and revenue of over Rs. 16 billion as a Group.

ACL Cables PLC has continuously been in the forefront of the local cable industry earning a strong following in the market providing customers with innovative and high quality products. The company has introduced many industry firsts including Fire rated cables which remains today as the only proven tested cables with national and international quality and standards certification.

The company has introduced also new innovative product categories such as fire resistant, fire retardant cables, fire survival cables, aerial bundled cables, low voltage transmission cables and the finest range of electric switches and sockets based on research and stringent testing via their laboratory.

ACL Cables Powers Entire Distribution Network with Own Fleet of Vehicles

2019-01-16

Sri Lanka’s No. 1 cable entity, ACL Cables PLC distributed a total fleet of 48 lorries recently to its entire distributor network islandwide.

18 lorries were handed over during the initial phase held several months ago at ACL Cables head offce Colombo. The subsequent second phase held mid-January recently ensured the remainder fleet of 30 vehicles were delivered, covering the total distribution network. This was held ceromoniously at BMICH with the presece of ACL cables Group ch...

International Test Standards Reveal ACL Fireguard as ‘THE’ Only Fire Retardant Cable Ensuring Safe Home

2018-11-27

ACL Cables PLC the No. 1 cable expert in Sri Lanka since 1962 has continuously been in the forefront of ensuring stringent standards are maintained during manufacturing of its products while placing great importance and responsibility in its quality and authenticity.

ACL’s Fireguard is the first-ever range of fire resistant cables designed to safeguard homes and all types of buildings through preventing the spread of fire. Manufactured as a specially formulated PVC cable adherin...