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.
2019-09-03
ACL Elegance, the premier range of switches and sockets manufactured by ACL Cables PLC, the nation’s No.1 cable manufacturer, marked a successful first year and positive market acceptance since its launch in 2018.
Noteworthy, the range concluded a year of impressive sales with almost no defective returns and continues to experience month on month overwhelming demand. Hence the range which began in white, has now expanded to colours of black matt, bronze and grey and is currently...
2019-06-14
ACL Cables PLC, the nation’s No.1 cable manufacturer has risen in ranks consecutively amongst Sri Lanka's top fifty most valuable consumer brands.
Compiled by Brands Finance and presented by LMD, the Brands Annual 2019 survey on Sri Lanka's most valuable consumer brands placed ACL Cables in 44th rank, up from last year’s 45.
Proving market dominance yet again, ACL Cables is the only cable company to rank in the Top 50 Brands this year and to have...
