Kelani Cables targets Rs. 4.2 b turnover

by Ananda KANNANGARA

Sri Lanka’s pioneer cable manufacturer, Kelani Cables PLC has expanded its production of wires, cords and other copper cables which have captured Sri Lankan and foreign markets in a big way.

The company last year recorded a turnover of Rs. 3.8 b with an export revenue of Rs. 590 m.

Addressing a press conference in Colombo, CEO, Mahinda Saranapala said the target is to increase turnover this year to Rs. 4.2 b.

We expect huge orders from the South African market shortly, since their representatives are satisfied with the high quality of our products,” General Manager, Marketing Anil Munasinghe said.

Manager, Brand Development, Channa Jayasinghe said the company founded in 1969 has 426 workers, 5,200 dealers and 10 distributors including in the North and the East where the company does brisk business.