- ABM’s EXIDE hits Gold at National Quality Awards 2016
Targets US$ 1 million from battery exports in 2016/17
Associated Battery Manufacturers (Ceylon) Limited,(ABM) the manufacturers of premier
Lead acid automotive batteries in Sri Lanka, won the Gold award in the medium
scale-manufacturing category at the National Quality Award (NQA) from the Sri Lanka
Standards Institution (SLSI) at the National Quality Awards 2016.
The event was held at the Hilton Colombo, on January 27, 2017. President Maithripala
Sirisena graced the event as the chief guest.
The National Quality Award is presented annually to recognize Sri Lankan
Organizations that excel in quality management and quality achievement. The criteria
of selection are based on the standards used for the Malcolm Baldrige National
Quality Awards in the USA. Applicants were evaluated by audit teams for seven
criteria leadership, strategic planning, customer focus, measurement, analysis and
knowledge management, workforce, operational focus and results.
ABM is a subsidiary of Exide Industries Limited, India. The Company manufactures the
widest range of Lead Acid Batteries from 25Ah to 200Ah capacity under the brand
names Exide and Lucas. Since its inception in 1960, ABM has been able to stay in the
local market as the market leader in spite of the tremendous competition that it
faced from imported batteries. This is due to the fact that it produces high quality
tropicalized batteries which suit climatic conditions and rugged roads.
The Company under the able leadership and guidance of Director/CEO M. Ramachandran
has grown steadily and modernized its manufacturing processes and constant
innovations have helped the company to produce a high quality battery.
Commenting on excellent achievement ABM CEO, Director M Ramachandran said the
response to ABM Exide batteries in foreign countries too has been excellent and the
company was targeting US$ 1mn revenue in 2016/17 on battery exports to foreign
markets,
By 2020 the CEO said they target Rs five billion turnover with a 65% local market
share and that was part of the expansion plan which had asked for more exports and
new products added to the company’s portfolio. The company has also projected a PBT
of Rs 500 million in the same period.
The new office complex building with an investment of Rs 30 million is now
commissioned and the two wheeler battery manufacturing plant with an investment of
Rs 50 million is scheduled to commence manufacturing in March 2017, the CEO said.
Exide has captured close to 60% of the local market in Sri Lanka exhausting 80% of
its plant capacity and further expansions were on the cards.
An aggressive export campaign has been also launched by ABM after setting up its
International Marketing Division and a good response has been received from a host
of counties, Ramachandran said.
“We are trying to be unique and have a technical edge on other batteries. We analyze
the batteries available in countries that we export and do the product at par of
those batteries or products with better advantage in that market in terms of
technology or price. This technical expertise will also be passed onto the local
customer,” he said.
Ramachandran said they were now to enter the Myanmar market and had already started
with Singapore and through the company CBSEA enter Malaysia, Indonesia and Cambodia.
Myanmar is a huge potential market and they were confident of penetrating that
market. Dubai is another potential market and ABM has already sent the first
consignment there, the CEO said.
Officials from the Maldives, Singapore, Myanmar, Dubai and Seychelles had earlier
visited the ABM factory premises in Ratmalana and were very impressed with the
product, the changes and the quality systems of the plant, he said. Orders started
to flow in subsequent to these visits, he opined.
Furthermore, a Rs 76 million assembly line has been ordered from the UK as a part of
expansion drive in addition to the investment in the office complex last
year.
Marine battery project which commenced last year too was gaining momentum with
consignments already dispatched to Maldives and Singapore. The International
Marketing Division was formed in April 2016 and up to January 2017 had exported
batteries to the value of US$ 650,000 and the projected target for 2016/17 is US$ 1
million. Plans have been also made to produce electric three-wheeler, solar
application and industrial batteries soon, Ramachandran added. (MFJ)
- February 13, 2017 -