Uganda Clays Limited

Uganda Clays Limited
Public Company
USE:UCL
Industry Construction
Founded 1950
Headquarters Kajjansi, Uganda
Key people
 Dr. Martin Aliker
Chairman
George Inholo
Managing Director and CEO[1]
Services Building Materials
Revenue Increase (Aftertax) US$1.1 million (UGX:2.8+ billion) (2012)
Total assets US$29.8 million (UGX:75.53+ billion) (2012)
Number of employees
 500 (2014)[2]
Website Homepage

Uganda Clays Limited (UCL), commonly referred to as Uganda Clays, is a building materials manufacturer in Uganda. The company manufactures baked clay building products, using Italian-made heavy clay processing machinery. The clay is excavated using surface mining techniques. The company is listed on the Uganda Securities Exchange (USE), being the first equity to list on the exchange in 2000.[3]

Products

UCL’s products include roofing tiles, bricks, interlocking and corner blocks, partitioning blocks, decorative grilles, ventilators, floor tiles, pipes, and cable covers. Of UCL’s products, roofing tiles and bricks account for the largest portion of revenues generated from sales contributing 53 percent and 11 percent, respectively.[4]

Overview

As of June 2014, the company was a small business enterprise, whose total assets were valued at USh:10,700,000,000 (approx.US$4,041,550). The shareholder's equity at that time was not known.[5]

History

UCL was started on 10 July 1950 by two private investors. In 1969, ownership of the company was turned over to Westomat Construction and Engineering Corporation (WCEC). In 1977, WCEC sold 75 percent of UCL to National Housing and Construction Company, a parastatal company of the Government of Uganda. Shareholding in UCL has changed hands many times. Over the years, the following entities have held partial ownership in the company:

Ownership

As of December 2012, the shareholding in the stock of the company, is as depicted in the table below:[6]

Uganda Clays Limited Stock Ownership
Rank Name of OwnerPercentage Ownership
1National Social Security Fund32.52
2National Insurance Corporation17.86
3Central Bank of Kenya Employee Pension Fund2.66
4Uganda Communications Employees Contribution Plan2.38
5Kenya Power and Lighting Company2.25
6Bank of Uganda Staff Retirement Plan2.09
7Joseph & Ketrah Tukuratiire1.68
8Kenya Airways Staff Provident Fund1.67
9Uganda Development Bank1.13
10National Social Security Fund Staff Investment Plan1.06
11 2,688 Other Shareholders 34.70
Total100.00

Governance and management

UCL is governed by a seven-person board of directors and divided into five administrative departments under the overall supervision of the managing director.

Facilities

As of December 2012, UCL operated two factories: [7]

See also

References

  1. ↑ Otage, Stephen (19 October 2014). "NSSF Takes Over UShs19 Billion Uganda Clays Debt". Daily Monitor (Kampala). Retrieved 19 October 2014.
  2. ↑ Muhumuza, Mark Keith (26 May 2015). "Who Will Rescue Uganda Clays?". Daily Monitor (Kampala). Retrieved 27 May 2015.
  3. ↑ Businge, Julius (14 February 2014). "Uganda Clays Turnaround". The Independent (Uganda). Retrieved 19 October 2014.
  4. ↑ "Uganda Securities Exchange: Company Details - Uganda Clays Limited". Uganda Securities Exchange (USE). Retrieved 19 October 2014.
  5. ↑ Kulabako, Faridah (5 September 2014). "Uganda Clays To Raise Shs12 Billion for Boosting Production Line". Daily Monitor (Kampala). Retrieved 19 October 2014.
  6. ↑ Shareholding In Uganda Clays Limited In December 2012
  7. ↑ Uganda Clays Limited Annual Report & Financial Statements For The Year Ended 31 December 2012

External links

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