The ranking recognises ACL Cables’s improved brand value and ratings when compared to previous years. A significant achievement for the brand has been the scaling up of 19 places in the last two years.
This is the second successive year ACL Cables has been ranked amongst the Top 50 Valuable Brands and impressively is the only cable manufacturer to do so demonstrating its market leadership within the category. Additionally, ACL is ranked third amongst the building material category, and placed as the No. 1 most valuable brand in the category of cables.
The annual brand rankings is compiled by Brand Finance, and presented by Media Services. Ratings are calculated on brand strength, which is the part of the analysis that is most directly influenced by those responsible for marketing and brand management. To determine the strength of a brand they develop a Brand Strength Index (BSI) which analyses marketing investment, brand equity (goodwill accumulated with customers, staff and other stakeholders) and their impact on business performance. Following this analysis each brand is assigned a BSI score out of 100, which is fed into the brands value calculation. Based on that score, each brand in the league table is assigned a rating. The total approach is a seven step process including a phase of consumer research as well. ACL Cables long-term commitments in marketing and brand management have contributed towards this improvement.
Speaking on the Group’s continued ascent up the ranks of the Top 50 Valuable Brands, Suren Madanayake, Managing Director, ACL Cables PLC said, “We are extremely pleased to note our progress in brand rankings. ACL as a brand has witnessed extensive progress during the past years; especially the last two years, scaling up 19 notches and being amongst the Top 50 Most Valuable Brands is a remarkable achievement.”
“We believe this is a result of our considerable investments in brand building and brand awareness activities. We built a strong brand campaign with our core cable product ‘Fireguard’. This has paved the way to reach our target audience, especially our consumers. We also made considerable brand investment activities to encourage dealer engagement and point of purchase awareness resulting in rich dividends,” he added.
ACL has been the market innovator and leader in manufacturing high quality cables. ACL has introduced many key features in the cable category such as fire rated cables, including fireguard, fire zero and fire survivor, for which ACL solely holds the expertise and knowledge in manufacturing these cables with proven excellence, standards and requisite test certification.
“The ACL Team thank all business partners including dealers, distributors, electricians, consumers, consultants and large scale business affiliates. We have served our customers for more than half a century and it is their trust that has contributed towards our success and our current rankings,” noted Madanayake.
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...