Parallel to the
exponential growth in demand for hardware to support Sri Lanka’s expanding
construction industry, last year’s awards were particularly competitive with
all of the company’s dealers delivering significant increases in sales volumes
and revenue.
“Arpico continues to
be a well-respected leader across many sectors. The quality of construction of
a building ultimately depends on the quality of the products used and in that
context, we remain the preferred supplier of hardware supplies to many of the
leading commercial and retail construction buyers today,” Mr. Sunil Liyanage, Managing
Director, LMD sector of Richard Pieris & Company stated.
In that context, Mr.
Shantha Kularatna, Director Distribution of the LMD sector of RPC, said: “The
potential for expanding our distribution network to bring more of our quality
hardware products to a wider range of the Sri Lankan market is on the rise and
we look forward to tackling the challenges related to this expansion of services
in the new year.”
Commenting on the
performance of the dealers being felicitated at the event, Head of Sales of the
LMD sector of RPC, Mr. Duminda Perera said: “I wish to congratulate of our top
dealers for their outstanding efforts over the course of 2015 and all our other
committed sales teams across the island. You have worked hard to deliver some
of the best sales that we’ve seen to date and we are grateful for that effort.”
Meanwhile, Head of Marketing
of the LMD sector of RPC, Mr. Derrick Perera also commended the efforts of the
company’s dealers and reiterated Arpico’s commitment towards providing the best
marketing platform for Arpico products to gain wider awareness among consumers.
“There are still many
more opportunities for Arpico to expand its market share in the coming year and
we are confident that the correct communications strategy combined with
effective sales techniques will yield more successful results in 2016,” Mr.
Perera stated.
With Sri Lanka’s
construction industry growing at a steady clip of 20 per cent Year-on-Year
according to the most recent available data, demand for Arpico’s range of
top-quality branded hardware products is anticipated to grow in the coming
year.
“Today we see many
infrastructure development projects underway. Sri Lanka’s requirement for more
commercial space is increasing as the country’s services sector keeps growing.
The need for quality housing is also enjoying a similar increase as the
country’s per capita GDP rises. This will be a source of great opportunity for
our business in the coming year,” Head of Category-Hardware Sector, Mr. Dilshan Abeysekara elaborated.
The company’s branded
hardware segment encompasses a wide range of products including Arpico Water
Tanks, Arpico Rigifoam, Arpico Rubber, Arpico PVC, Arpitec Water Pumps, Arpitec
Ceiling Fans, Arpitec Power Codes, Arpico Kitchen Sinks and Arpico PVC Doors.
About Richard
Pieris & Co. PLC
Richard Pieris & Co. PLC is a diversified business
conglomerate with a rich history of 83 years. Its flagship brand
"Arpico" is one of the most powerful local household brands in Sri
Lanka for over 50 years, serving the community with a diverse range of products
across many sectors such as manufacturing, plantations, financial services,
exports, FMCG, construction, logistics, educational services & retail. The
retail sector led by its flagship brand "Arpico Supercenters"
operates one of the largest modern trade chains in the country. A diverse
melting pot of talent, comprising a workforce of over 31,000, Richard Pieris
& Company PLC is one of the largest employment providers in the private
sector in Sri Lanka.
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Sri Lanka Business