ACL Cables wins award

ACL Cables, the number one cable company in Sri Lanka with 70% market share as a group and over Rs. 13 billion turnover in the local cable industry, has been recognised at Sri Lanka’s prestigious Global Commerce Awards, presented by the Shippers’ Academy Colombo, in association with the Central Bank of Sri Lanka.

The companyreceived this honour for its efforts in going beyond South Asia, to open up new export markets for this country, including Australia, New Zealand, Sweden, Liberia, Mauritius and Tanzania.

Interestingly, ACL Cables was also the only cable industry company to be recognised at theGlobal Commerce Awards, a result of the company having achieved important successes on behalf of the Sri Lankan export sector.

Only the third time that these awards have been meted out, the Global Commerce Awards recognize export companies, which have significantly contributed to the national economy. It is also noteworthy that these awards arenot open to applications by competing companies.

Instead, this exclusive poolis always selected in consultation with this country’s Export Development Board, Board of Investment, Ports Authority, Airport Aviation, and Gem and Jewellery Authority, basically the main export-related industry bodies in Sri Lanka.

Further, it is important to note that not only did ACL Cables receive this recognition because of its strength in exports butalsodue to its technological leadership. One such example being its recent introduction ofAerial Bundled Cables (ABCs), which it was one of the first to pioneer in this region, even having introduced it to giants such as India, in addition to supplying it to many other countries across the world.

SurenMadanayake, Managing Director of ACL, said: “We are proud to win the export award at Sri Lanka’s Global Commerce Awards, and especially being recognised for our pioneering efforts in going beyond this country’s traditional export markets, to more sophisticated markets. We strongly believe that these efforts, as well as our repeated successes earning several top quality and productivity awards across the region, have allowed us to continue to maintain our position as one of the leading companies in Asia Pacific.”