Tuesday, October 06, 2015

Sri Lankan investment company LCI consolidates operations with IFS Applications

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Lanka Century Investments PLC (LCI) to implement IFS’s ERP solution at its Colombo headquarters and three manufacturing sites

IFS, the global enterprise applications company, announces that LCI has decided to implement IFS Applications™ throughout the group, which includes porcelain and textile manufacturing subsidiaries.

The IFS solution to be deployed at LCI’s headquarters will support mission-critical processes such as financial consolidation to empower senior management with the tools for strategic decision-making and improved visibility throughout the company.

Earlier in 2015, LCI subsidiaries Dankotuwa Porecelain and Royal Fernwood Porcelain commenced their implementation project. Also scheduled to start implementing IFS Applications is manufacturing subsidiary South Asia Textiles, Sri Lanka’s premier fabric manufacturer.

When fully deployed, IFS Applications will be used by more than 200 staff across four sites as the central ERP backbone providing integrated business process support for production planning, manufacturing, supply chain management, financials, HR, and business analytics.

“We are ushering in a new era of manufacturing excellence at our facilities and IFS Applications is an essential part of this project,” LCI Chief Operating Officer Sajeewa Ranasinghe said. “We look forward to a group-wide integration, which is a strategic priority for our enterprise. Furthermore, we are also looking forward to working closely with IFS to create an outstanding business solution and ensure a smooth and swift implementation.”

IFS Sri Lanka head of strategic accounts and public sector Kavinda Mahawedage added, “We are confident that our technology will bring about significant changes in efficiency in the LCI group’s operations and provide greater visibility to its complex manufacturing operations. IFS understands the business challenges of the LCI group very well and with our decades of implementation experience in the sector, we are well positioned to deliver yet another robust industry solution.”

IFS clients in the porcelain and garment industries include global ceramics company NGK Ceramics, Churchill China, and Emjay International. For more information about how companies in manufacturing sector are benefitting from IFS, please visit: www.ifsworld.com/en/industries/process-manufacturing/.

About Lanka Century Investments PLC

Lanka Century Investments PLC, which is the holding entity of a group of companies with interests in manufacturing porcelain tableware, Fabrics and leather footwear. South Asia Textiles is Sri Lanka’s premier fabric manufacturer. The company specializes in fabric knitting, dyeing, finishing, printing, brushing, sueding and finishing. SAT’s state-of-the-art processing plant processes a 700,000 Kg per month capability and serves Sri Lanka’s large garment trade as well as export markets. The company’s clientele include a range of world renowned brands such as Asda, JC Penny, Walmart, Tesco, Next, Reebok, Gap, Marks & Spencer, Levi’s, Debanhams,DKNY and Diesel. For more information on South Asia Textiles visit http://www.satextile.com/ Dankotuwa Porcelain is a world class manufacturer of Porcelain Tableware, Located in Sri Lanka for the past 25 years. It is an ISO 9001/2008 certified company and its products are exported world over with an emphasis to Europe and USA. The company also owns Royal Fernwood Porcelain Limited. About 60% of the company’s production is exported. South Asia Textile Industries Lanka recently announced a highly-ambitious expansion program; having already begun investing what will ultimately be over Rs. 1 billion in total. The move includes introduction of the latest 5th generation hybrid/nano technology used in state-of-art textile machinery in all its divisions. For more information visit: http://www.dankotuwa.com

About IFS

IFS™ is a globally recognized leader in developing and delivering enterprise software for enterprise resource planning (ERP), enterprise asset management (EAM) and enterprise service management (ESM). IFS brings customers in targeted sectors closer to their business, helps them be more agile and enables them to profit from change. IFS is a public company (XSTO: IFS) founded in 1983 and currently has over 2,700 employees. IFS supports more than 2,400 customers worldwide from its network of local offices and through a growing ecosystem of partners. For more information visit: www.ifsworld.com.

Follow us on Twitter: @ifsworld

Visit the IFS Blog on technology, innovation and creativity: http://blog.ifsworld.com/

Contact Information

Surekha Jayasinghe

Contact Surekha Jayasinghe