Lanka Tiles PLC is Sri Lanka's market leader in tile production. They aim to be a leading producer of wall and floor coverings locally and internationally. Their key marketing efforts include expanding into export markets like India, USA, and Europe. Their SWOT analysis notes strengths in distribution and brand recognition, but weaknesses in quickly adapting to design changes. They use a multi-pronged marketing mix focusing on product variety, competitive pricing, wide distribution channels, and promotional activities like advertising, personal selling, sales promotions, and public relations.
2. Introduction to Lanka Tiles PLC
• They are in the field for more than 35 years.
• Market leader and premier manufacturer in Sri
Lanka.
• Their designs and quality are second to none.
• Have capacity to produce about 2.3 million
square feet of tiles annually.
• Productions conform ISO 13006 standards.
3. Vision
“To be a leading producer of wall and Floor
coverings and related products for the local
and international markets”
Mission
“The production and marketing of exceptional
quality products at optimum affordability”
“To manufacture and market quality ceramic
products for comfortable living”
4. Key Efforts to Develop Export Markets
• Commissioning of the first ever overseas showroom
in Bangalore to showcase the mainstream offerings
under the LANKA TILES brand to the Indian market.
• Participation in the Coverings 2013 exhibition held
in Atlanta, Georgia USA in a bid to penetrate the
US and Canadian markets.
• Participation at the Cerasaie exhibition - 2013 in
Bologna, Italy to help promote the brand in the
European markets.
5. Marketing Plans Taken by LTPLC
• Understanding corporate goals and objectives
of the company.
• Making strategies for their actions in order to
meet the goals.
• Budgeting.
• Planning the actions.
• Implementation of the actions.
• Monitoring the progress.
• Getting feedbacks.
7. Strengths
• They have a strong distribution force all over
the country as well as in foreign countries.
• Their brand name is well known among the
people globally.
• They mostly use machineries and raw materials
with most advanced technology which are
imported from Europe in order to maintain
their higher quality.
8. Weaknesses
• Moving to advanced technological changes
accordingly (Changing according to the rapid
environmental changes).
• Getting adapted to the new changes of designs
and fashions.
• Inability to allocate capital to make rapid
changes in designs and fashions.
• Producing new styles immediately in order to
beat the competitors.
• Incapability to fulfill the total requirements of
the entire customers.
9. Opportunities
• As African countries are in the developing
stage, there is a high demand for Lanka Tiles
than their own productions (There is demand in
countries such as Oman and Dubai also).
• In countries like India, the middle class people
who are considered as the majority of its
population mostly concern about foreign made
tiles like Lanka Tiles.
10. Threats
• The express changes and developments in fashions
and life styles of the customers.
• Lack of availability of several raw materials for
their productions. In case of importing the raw
materials from foreign countries, the cost tends to
increase.
• Importations of foreign products reduce the
demand for their products.
• Cost for energy sources such as fuel and electricity
gets increased.
• Threat of new entrants into the current globalized
market (Anyone can enter the market any time).
11. The Marketing Mix of LTPLC
The Marketing mix is mostly focused on the key
4P’s. They are;
• Product
• Price
• Place
• Promotion
12. Product
Form of the product..
•Tiles are durable product which can be used for
long period of time for the consumer.
•Lanka tiles product uses by both consumer and
industrial categories. They have produce for
individuals those who need and who come for
their showrooms, and they have many sub
dealers to sell their product to market.
13. • These tiles can be called as shopping product,
because normally tiles are;
Less buying frequency with compare to
convenience products.
Customer involvement.
14. Levels of product
• Core-level - tiles can see and touch and
identify the product.
• Actual level –
In Lanka tiles they have many designs and colors
to fulfill the customer needs.
Quality products which have the ISO 13006
standards.
They do sponsors for sports, and other activates.
They do promotions.
15. Product life cycle
• In Lanka tiles they have many products and all
product have been past the introduction stage
and some are in growth maturity stage,
• They do their marketing by their brand name;
their brand name is in maturity level therefore
they use to market their product by their
brand name
16. Product mix
• They have doing the product mix based on
demands.
• They have changed their sizes, designs for
tiles.
18. Which pricing strategy is using by Lanka
tiles?
• Lanka tiles is using market base pricing
strategy when they pricing.
• They are not rely the cost
• Some time they have to sell it on cost price or
some time they can sell it on good margin
based on the market demand
19. What they want to know when they
develop the product?
• They have identify for whom to be produce
• They have to know the customer’s willing
• They have to product their market without
allowing the competitors
20. Is Lanka tiles customer satisfy their
pricing?
• Yes of course,
that’s the only one reason for Lanka tiles
success
21. This refers to how an organization will distribute the product or services
they are offering to the end user. The organization must distribute the
product to the user at the right time.
The Lanka tiles plc should concern with making products available
when and where customer need.
23. What channel of
distribution will
they use?
Two types of channels of distribution methods
are available .Indirect distribution involves
distributing their product by the use of
intermediary for example Lanka tiles selling to
whole seller and then on to the retailer.
Direct distribution involves distribution direct from manufacture to he
customer. For example Lanka tiles PLC selling tiles directly through
showrooms. The advantage of direct distribution is that it gives
manufacture control over their product.
24. Promotion
Modern marketing calls for more than just developing
a good product, pricing it attractively, and making it
available to target customers, companies must also
communicate with their customers, to promote their
product or service.
•Advertising
Advertising media:-
•broadcast media
•print media
•outdoor advertising
•Online advertising
26. •Sales promotion
1. Identifying and winning new business opportunities .
2. Developing a marketing team.
3. Carrying out effective research and intelligence into
competitor’s products.
4. Overseeing and managing financial budgets.
5. Constantly improving business development.
6. Ensuring the achievement of a high standard of customer
service.
Sales promotion tools include:-
1. Money back guarantee
2. Discounts
3. Offers
27. •Public relations
•Helping to educational institutes e.g.- tiles architecture
•Maintaining relations with local community
•Sports e.g.- volleyball, cricket
•CSR projects