Uganda Clays Limited
Encyclopedia
Uganda Clays Limited 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.
s, brick
s, interlocking and corner blocks, partitioning blocks, decorative grilles, ventilators, floor tile
s, pipes and cable covers. Of the Company’s products, roofing tiles and bricks account for the largest portion of revenues generated from sales contributing 53% and 11% respectively.
(NHCC), 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:
{| style="font-size:100%;"
|-
| width="100%" align="center" | Uganda Clays Limited Stock Ownership
|- valign="top"
|
{| class="wikitable sortable" style="margin-left:auto;margin-right:auto"
! style="width:2em;" |Rank !!Name of Owner!!Percentage Ownership
|-
|1||National Social Security Fund||32.52
|-
|2||National Insurance Corporation
||18.86
|-
|3||Uganda Communications Employees Pension Fund||4.16
|-
|4||Central Bank of Kenya
||2.66
|-
|5||Kenya Power and Lighting Company
||2.25
|-
|6||Bank of Uganda
||2.09
|-
|7||Stanbic Bank Uganda Pension Fund
||1.81
|-
|8||Kenya Airways Staff Provident Fund
||1.67
|-
|9||Uganda Development Bank
||1.13
|-
|10|| 2311 Other Shareholders ||32.85
|-
|||Total||100.00
|-
|}
Uganda
Uganda , officially the Republic of Uganda, is a landlocked country in East Africa. Uganda is also known as the "Pearl of Africa". It is bordered on the east by Kenya, on the north by South Sudan, on the west by the Democratic Republic of the Congo, on the southwest by Rwanda, and on the south by...
. 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
Uganda Securities Exchange
The Uganda Securities Exchange is the principal stock exchange of Uganda. It was founded in June 1997. The USE is operated under the jurisdiction of Uganda's Capital Markets Authority, which in turn reports to the Bank of Uganda, Uganda's central bank.The exchange's doors opened to trading in...
(USE
USE
USE or U.S.E. can refer to:* United States of Europe, a term sometimes used to refer to a hypothetical Federal Europe.* The fictional United States of Europe in the alternate history novel 1632 and the following 1632 book series'...
), being the first equity to list on the exchange in 2000.
Products
The Company’s products can be classified into nine categories and include roofing tileTile
A tile is a manufactured piece of hard-wearing material such as ceramic, stone, metal, or even glass. Tiles are generally used for covering roofs, floors, walls, showers, or other objects such as tabletops...
s, brick
Brick
A brick is a block of ceramic material used in masonry construction, usually laid using various kinds of mortar. It has been regarded as one of the longest lasting and strongest building materials used throughout history.-History:...
s, interlocking and corner blocks, partitioning blocks, decorative grilles, ventilators, floor tile
Tile
A tile is a manufactured piece of hard-wearing material such as ceramic, stone, metal, or even glass. Tiles are generally used for covering roofs, floors, walls, showers, or other objects such as tabletops...
s, pipes and cable covers. Of the Company’s products, roofing tiles and bricks account for the largest portion of revenues generated from sales contributing 53% and 11% respectively.
History
The company was started on July 10th, 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% of UCL to National Housing and Construction CompanyNational Housing and Construction Company
National Housing and Construction Company Limited , is a Ugandan construction and real estate management company, owned by the Uganda Government...
(NHCC), 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:
- Government of Uganda
- White Tower Corporation
- Kenya Clay Products Limited (KCPL)
- Barclays Bank of Uganda
- Uganda Communications Employees Pension Scheme
- National Social Security FundNational Social Security Fund (Uganda)The National Social Security Fund is a semi-government agency responsible for the collection, safekeeping, responsible investment and distribution of retirement funds from employees of the private sector in Uganda, who are not covered by the Government Retirement Scheme...
- National Insurance CorporationNational Insurance CorporationNational Insurance Corporation Limited , commonly referred to as National Insurance Corporation, is an insurance company in Uganda. The company is a leading provider of insurance and risk management services in Uganda.-Overvview:...
- Employees of Uganda Clays Limited
- Individual Investors
Ownership
As of June 2009, the ten (10) major shareholders in the company are as listed in the table below:{| style="font-size:100%;"
|-
| width="100%" align="center" | Uganda Clays Limited Stock Ownership
|- valign="top"
|
{| class="wikitable sortable" style="margin-left:auto;margin-right:auto"
! style="width:2em;" |Rank !!Name of Owner!!Percentage Ownership
|-
|1||National Social Security Fund||32.52
|-
|2||National Insurance Corporation
National Insurance Corporation
National Insurance Corporation Limited , commonly referred to as National Insurance Corporation, is an insurance company in Uganda. The company is a leading provider of insurance and risk management services in Uganda.-Overvview:...
||18.86
|-
|3||Uganda Communications Employees Pension Fund||4.16
|-
|4||Central Bank of Kenya
Central Bank of Kenya
The Central Bank of Kenya is Kenya's central bank. The bank is located in Nairobi. The current governor of the bank is Professor Njuguna Ndungu whose appointment took effect from March 4, 2007...
||2.66
|-
|5||Kenya Power and Lighting Company
Kenya Power and Lighting Company
Kenya Power is a limited liability company which transmits, distributes and retails electricity to customers throughout Kenya. KPLC is a public company listed in the Nairobi Stock Exchange . The company is a national electric utility company, managing electric metering, licensing, billing,...
||2.25
|-
|6||Bank of Uganda
Bank of Uganda
The Bank of Uganda is the Central Bank of the Republic of Uganda. Established in 1966, by Act of Parliament, BOU is 100% owned by the Government of Uganda, but is not a government department.-Organization and Governance:...
||2.09
|-
|7||Stanbic Bank Uganda Pension Fund
Stanbic Bank (Uganda) Limited
Stanbic Bank Limited is a commercial bank in Uganda. It is one of the commercial banks licensed by Bank of Uganda, the national banking regulator.-Overview:...
||1.81
|-
|8||Kenya Airways Staff Provident Fund
Kenya Airways
Kenya Airways Ltd., more commonly known as Kenya Airways, is the flag carrier and largest airline of Kenya. The company was founded in 1977, after the dissolution of East African Airways. The carrier's head office is located in Embakasi, Nairobi, with its main base at Jomo Kenyatta International...
||1.67
|-
|9||Uganda Development Bank
Uganda Development Bank
-Overview:The bank began its operations in 1972. Uganda Development Bank is the first development finance institution established by the Government of Uganda. The main objective of UDB is to promote and finance development in various sectors of the economy with particular emphasis on agriculture,...
||1.13
|-
|10|| 2311 Other Shareholders ||32.85
|-
|||Total||100.00
|-
|}
Governance & Management
The company is governed by a seven-person Board of Directors. The company is divided into five (5) administrative departments under the overall supervision of the Managing Director.Facilities
As of July 2009, Uganda Clays Limited operates two factories:- The Main Factory, located in KajjansiKajjansiKajjansi is a township in Central Uganda. It is one of the urban centers in Wakiso District.-Location:The township is situated on the tarmacked, all-weather Kampala - Entebbe Highway. Kajjansi is located approximately , by road, south of Kampala, Uganda's capital and largest city...
, Wakiso DistrictWakiso DistrictWakiso District is a district in Central Uganda that encircles Kampala, Uganda's capital city. The district is named after the town of Wakiso, where the district headquarters are located.-Location:...
, near EntebbeEntebbeEntebbe is a major town in Central Uganda. Located on a Lake Victoria peninsula, the town was at one time, the seat of government for the Protectorate of Uganda, prior to Independence in 1962...
- Employs about 690 people. - The Second Factory, located in Kamonkoli, Budaka DistrictBudaka DistrictBudaka District is a district in Eastern Uganda. It is named after Budaka, its 'chief town', where the district headquarters are located.-Location:...
, near MbaleMbaleMbale is a city in Eastern Uganda. It is the main municiplal, administrative and commercial center of Mbale District and the surrounding sub-region. The district is named after the town.-Location:...
- Employs about 200 people.