Creating history and proving its dominance in the cable industry once again, ACL Cables PLC announced it had been awarded the SLS 1504-3-31 accreditation certification for its Low smoke Halogen Free (LSHF) non-sheathed cables by the Sri Lanka Standards Institution (SLSI) recently.
SLSI is the highest local authority that awards quality standardizations for products sold locally. Upon complying with the requisite standards ACL Cables PLC has become the first company in the country to obtain this certification.
Moreover, ACL Cables is currently the only company that manufactures LSHF cables locally. The certification was awarded for cables with voltage up to 450/750 volts.
The official title of the standard is known as ‘Low voltage single core non – sheathed halogen free low emission of smoke thermoplastic insulated special fire performance electric cables of rated voltages up to and including 450/750V’. The equivalent British Standard (BS) for the above local certification is BS EN 50525-3-31.
The certification was handed over by Ms. Dhammika Senaratne, Director General of SLSI to Suren Madanayake, Managing Director ACL Cables PLC at the presence of delegates from both SLSI and ACL cables.
Notably, there are two cable categories that fall under SLS 1504-3-31. These are – 1. Non flexible cables for fixed wiring, specified conductor cross sectional area range is starting from 1.5mm² and up to 630mm² and 2. Flexible cables for fixed wiring, specified conductor cross sectional area range is starting from 1.5mm² and up to 240mm².
In order to receive this standard ACL Cables was required to complete the following three quality tests: Fire propagation test on vertical bunched cables in accordance with BSEN 60332-3-24, low emission of smoke test in accordance with BSEN 61034-2 and assessment of halogen gases (acid gas) for all non-metallic materials in accordance with BSEN 60754-1.
Based on the process, ACL had to initially study and follow the respective BS that complies with the above criteria. Following which presentations were made to the SLSI, who then awarded the equivalent Product Quality Certification as per local regulations and standards.
The tests were conducted at ACL in-house laboratories located at their factory premises under the supervision of the SLS audit committee. Moreover, ACL Cables PLC is the only company in Sri Lanka that has a comprehensive lab facility for testing the above test parameters.
Commenting on this landmark award, Suren Madanayake, Managing Director said, “I am very proud that ACL Cables has achieved this prestigious local status. We have once again demonstrated to the market our quality and dominance. I appreciate the effort of my technical and quality assurance teams for their untiring efforts to ensure this Product Quality Certification process was a success.”
Madanayake added, “Since our inception in 1962, ACL Cables has always been the trendsetter in introducing new products and receiving proper certification. This is one such milestone. Our next step is to develop our scope and gain the certification for 600,000V LSHF power cables. I am confident that this too would be achieved shortly. Currently we are processing a considerable number of orders for LSHF cables and this is the main reason to push ourselves towards gaining this certification. The certification enables customers to have more confidence when they purchase LSHF cables from us. I am convinced that as the recipient of the SLS 1504-3-31 standard, we will be able to grow our market share further with this product and strengthen our top and bottom lines.”
SLT-MOBITEL AkazaLMS enables corporate employee capability development
As SLT-MOBITEL, the National ICT solutions service provider, continues to play a pivotal role in driving Sri Lanka’s digital transformation through its Cloud-managed offering, SLT-Mobitel AkazaLMS takes centre-stage as the nation’s leading Learning Management System (LMS). SLT-Mobitel AkazaLMS offers a unique, locally developed, comprehensive enterprise learning solution designed to cater to diverse training needs without compromising on quality.
Commenting on the initiative Chief Enterprise & Wholesale Officer of SLT, Lakmal Jayasinghe said “Especially in today’s competitive environment where human capital is more important than ever, companies need to create a learning strategy that aligns to robust curricula, employing relevant and available learning methods and technology. Addressing this need, SLT-Mobitel AkazaLMS Cloud is an enterprise e-learning solution hosted in Sri Lanka on the top of a private cloud, providing corporate and institutional customers the ability to deliver their own learning material to their users with zero cost infrastructure. With greater convenience and without additional IT resources, customers have access to their own training needs via a simple web browser”.
Empowering corporates and educational institutes, SLT-Mobitel AkazaLMS is a comprehensive locally developed platform, containing a self-portal where the user develops their own e-learning and purchase it as a SaaS product. Especially during these challenging times, when classroom lectures are not possible and distance learning methods vital, the SLT-Mobitel AkazaLMS facilitates exams, assignments, quizzes, etc. tailor-made and customised for corporates and educational institutes targeting their own specific needs.
LIOC shows stability in earnings and margins compared to volatility during previous years
First Capital expects stability in LIOC earnings and margins ahead, compared to the significant volatility witnessed during the previous years.
“With the new pricing formula, we expect a stable outlook for LIOC which is currently trading at a TTM PER of 7.5x on FY22 earnings while also trading at a PBV of 1.5x”, they said.
“The government’s implementation of the new fuel pricing formula on 24th May 22 includes all costs incurred in importing, unloading, distributing to the stations and taxes. With that, fuel prices will be revised on a monthly basis, and if necessary, it will be reviewed every two weeks. Accordingly, the next price revision was scheduled for 24th Jun 22. Considering the price revision, In addition to that, Sri Lanka’s Cabinet has approved a bill to impose a 2.5% tax on companies with an annual turnover of LKR 120.0Mn, which will only have a marginal effect on company margins.”
“With regards to investment in joint venture, LIOC has invested in Trinco Petroleum Terminal (Pvt) Ltd (TPT) in Jan-22 and acquired 49% of the stake with CPC which holds 51% of the ownership of TPT in order to develop 61 tanks at the Trincomalee Oil Tank Farm and allied facilities in the Upper Tank Farm of the China Bay Oil Tank Farm. Also, LIOC has entered into a Lease of State Land with the Government of Sri Lanka for a term of fifty years to develop the Lower Tank Farm of the China Bay Oil Tank Farm,” First Capital said.
Apprenticeship programme in partnership with Hatch MakerStudio and Vocational Training Authority
The next generation of Sri Lanka’s industry workforce is currently studying at Technical and Vocational Education and Training institutes (TVET) all over the country. Since the manufacturing technology is under permanent development, the requirements for TVET graduates have also evolved. In order to address the industry’s needs for skilled and competent workers, the Vocational Training Authority and Hatch MakerStudio have joined forces to pilot an innovative apprenticeship programme.
The apprenticeship programme is designed for students in the field of mechatronics, robotics, automation and CNC-technologies and is focusing on the upskill, entrepreneurial mindset and problem solving capabilities. Together with industry partners, the selected apprentices will undergo a one month training programme at Hatch MakerStudio before being placed in the companies. The programme comprises of:
Product development training
Software and rapid prototyping training
Problem solving and design thinking exercises
During the course of the apprenticeship, Hatch MakerStudio will provide supervision and support for both the apprentices and companies, in order to ensure effective skills development and utilization of working power. Students with their own specific product ideas and business models can choose Hatch MakerStudio as their place of apprenticeship.
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