would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc.. 
Home
Sierra Cables PLC is engaged in the manufacturing and sale of cables, wires and conductors primarily for electrification and telecommunication purposes. The Company is involved in the manufacturing, marketing and distributing of copper and aluminum cable products. Its product portfolio includes Low Smoke Halogen Free (LSHF) Unarmoured Power Cables, LSHF Armourd Power Cables, Control Cables, Aerial Bundle Conductors, Aluminium Conductors, Auto Cables, Unarmoured Cables (Multi-Core), Co-axial Cables, Telecommunication Cables, Earth Cables and LSHF Earth cable. The Company offers Armoured and Un Armoured Cables, including Armoured Cables-polyvinyl chloride (PVC), Armoured Cables-cross-linked polyethylene (XLPE), Al-Armoured Cables-PVC, Al-Armoured Cables-XLPE, Un Armoured Cables-PVC and Un Armoured Cables-XLPE. Under Domestic and Industrial Cables, the Company offers Low Power Internal Wiring Cables, Low Power Light Flexible Cords and Motor Vehicles General Wiring Cables.
SIRA is gradually shifting from CEB tender projects towards the dealer (retail) market, where the margins are higher. Furthermore, SIRA has secured a contract worth approximately Rs 1 Bn from the Iranian Funded Rural Electrification Project to provide Aerial Bundle Cables (ABC).
Public and private infrastructure development activities kicking in the post-war development phase of Sri Lanka would also help raise SIRA’s future earnings and it is currently upgrading its capacity and facilities to cater to the surge in demand. SIRA also plans to diversify into hydro power and has expressed interest in moving into the leisure sector. We expect these measures to hold strong growth prospects for the group.
Global copper prices have risen about 50% over the last year, and analyst expects them to rise further in 2011 due to increased demand from China. However, SIRA is shifting to ABC which uses aluminium as the key raw material. Aluminium prices have not appreciated compared to copper, and to that extent SIRA is less exposed to a possible increase in copper prices.
Source: NDB Stock BrokersPublic and private infrastructure development activities kicking in the post-war development phase of Sri Lanka would also help raise SIRA’s future earnings and it is currently upgrading its capacity and facilities to cater to the surge in demand. SIRA also plans to diversify into hydro power and has expressed interest in moving into the leisure sector. We expect these measures to hold strong growth prospects for the group.
Global copper prices have risen about 50% over the last year, and analyst expects them to rise further in 2011 due to increased demand from China. However, SIRA is shifting to ABC which uses aluminium as the key raw material. Aluminium prices have not appreciated compared to copper, and to that extent SIRA is less exposed to a possible increase in copper prices.
[/img]
