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.
2016-05-09
ACL Cables PLC, the country’s No. 1 cable has marked its ascendency amongst Sri Lankan premier brands being ranked amongst the Top 50 Most Valuable Brands for the Year 2016.
Showcasing its dominance in Sri Lanka’s cable industry, the organisation is the only cable company to rank amongst the Top 50 Most Valuable Brands in 2016.
Compiled by Brand Finance, and presented by Media Services, publisher of business magazine LMD, the recent classification placed ACL Cables...
2016-02-26
The annual Thurstan-Isipathana Big Match cricket encounter is a much looked forward to event in the schools sports calendar.
This year, Sri Lanka’s No. 1 cable company ACL Cables Company will lend its corporate strength as the main sponsor for the 53rd annual encounter between Thurstan and Isipathana to be held on the 26 and 27 February 2016 at the SSC Grounds.
The partnership agreement was signed in the presence of the principals from both Thurstan College and Isipathan...
