ACL Cables PLC, the number one cable company in Sri Lanka recently signed a Memorandum of Understanding (MOU) with the Engineering Faculty of the Sri Lanka Institute of Information Technology (SLIIT), offering the company’s expertise in product engineering to one of the country’s fastest growing universities. The MOU was signed on August 27, 2015, by ACL Cables Managing Director Suren Madanayake and SLIIT President/ CEO Professor Lalith Gamage.
It is noteworthy that this MOU between SLIIT and ACL Cables will facilitate strategic partnership opportunities for both ACL Cables and SLIIT. ACL Cables will also provide exposure to its production facilities for SLIIT engineering faculty students. At the same time, it is foreseen that this partnership will also strengthen the capabilities of both ACL Cables and SLIIT, enabling them to progress even further in their individual corporate and academic pursuits.
Additionally, ACL Cables will be offering SLIIT its advice and counsel with regards to the latest industry innovations and updates, thus improving the facilities provided by SLIIT in Research and Development (R&D) activities for the students. Interestingly, both ACL Cables and SLIIT will also cooperate in major R&D projects, facilitating the raising of standards of student productivity and knowledge.
Meanwhile, to help the industry at large, ACL Cables will also join with SLIIT to introduce a Continuous Professional Development (CPD) initiative to provide regular guidance and experience sharing sessions for engineering students to help develop their careers as future engineers.
“This new partnership will allow SLIIT to benefit from ACL Cables’ experience conceptualizing practical applications out of academic research activities, with respect to the university’s engineering faculty. For students, this MOU allows for opportunities to enhance their knowledge in areas pertaining to future career prospects, so that they will be familiar with even more aspects of the product life cycle prior to finally entering the world of work,” said SLIIT President/ CEO Professor Lalith Gamage.
“The new partnership between SLIIT and ACL Cables will enable the company to participate in interactive knowledge sharing sessions with every batch of students in the engineering faculty, using state-of-the-art interactive and collaborative platforms to impart its expertise encompassing a multi-dimensional perspective. ACL Cables will also contribute to the development of SLIIT students in a meaningful way, facilitating a standard of global professionalism in a local context.” said ACL Cables Managing Director Suren Madanayake.
ACL Cables PLC has been a pioneering cable company in Sri Lanka since 1962, when it first began operations. At present, ACL Cables PLC is in control of over 70% local market share, with a Rs. 14.5 billion turnover, as a group. Further, the company has excelled in its exports to United Kingdom, Australia, New Zealand, Mauritius, Liberia, Maldives as well as a number of other countries, while also earning the company repeated recognition at the coveted LMD 100 local rankings along with many other local, and global, awards.
ACL Cables PLC has also introduced many first-to-Sri Lanka cable products, including, most recently, ACL Fire Guard, ACL Fire Zero and ACL Fire Survivor, which cater to a wide variety of customer segments. These fire protection cables, as well as all other cables made by ACL Cables PLC, have become highly regarded by Sri Lankan consumers since they possess the highest quality standard certifications, both local and international. In addition, all production lines go through standard in-house testing and quality checks in state-of-the-art lab facilities before going to the marketplace, which ensures only high quality cables are available in the market for customers to purchase with no fear.
The Sri Lanka Institute of Information Technology (SLIIT) is a leading non-state degree-awarding institute approved by the University Grants Commission (UGC) under the Universities Act. It is also a member of the Association of Commonwealth Universities (ACU), as well as the International Association of Universities (IAU). For more than 15 years, SLIIT has been empowering its student community in making a difference in their lives. The uniqueness of its courses has equipped its students to engage with the big issues of our time and embark on truly rewarding careers. As a result of the critical thinking and creative problem–solving fostered at SLIIT, its students are ready to face the world.
SLIIT was established in 1999, when it opened its doors to 400 students at its Metro Campus in Colombo. Currently, it offers both undergraduate and postgraduate courses and accommodates over 7,000 students, including international students from various regions in the world. More than 9,000 alumni have graduated from its three faculties: Business, Computers and Engineering. It takes great pride in producing graduates who make meaningful contributions to their communities and professions. Among its diversely qualified graduates alumni are software engineers, engineers, business analysts and noted entrepreneurs.
SLIIT attracts the largest share of private higher education students in Sri Lanka and its courses are designed to equip graduates to succeed in contemporary workplaces with their exposure to practical as well as the classroom environment. According to the SLIIT Graduate Tracer study of 2014/2015, nearly 90% of SLIIT Bachelors Degree graduates find full-time employment within six months of course completion.
In a dedicated effort to enrich students' knowledge and understanding, ACL Cables PLC, Sri Lanka's No. 1 cable company partnered the Institute of Technology University of Moratuwa (ITUM), the centre of excellence in Technological Education, to conduct a special educational forum recently.
Organised in collaboration with the Electrical, Electronics and Telecommunication Technology Faculty of the University, ACL conducted the special lecture on the theme ‘Basic awareness o...
Continuing its landmark achievement of a mammoth 705% year-on-year (YOY) growth in Q1 2022, ACL Cables PLC, the nation’s No.1 cable manufacturer, posted a remarkable 270%, YOY growth in Q2 2022 for the period ended in September 2022, with Rs. 5.1 Bln as Net Profit after Tax as a Group, compared to Rs. 1.4 Bln the same period last year.
Furthermore, as a Company, ACL Cables PLC posted Rs. 1.9 Bln Net Profit for the same period with a growth of almost 250% in comparison to Q2 2021...