Uganda Clays Limited
| Type |
Public Company USE:UCL |
|---|---|
| Industry | Construction |
| Founded | 1950 |
| Headquarters | Kajjansi, Uganda |
| Key people |
Martin Aliker Chairman Martin Kasekende Ag. Managing Director and CEO[1] |
| Services | Building Materials |
| Revenue |
 (Aftertax) US$1.1 million (UGX:2.8+ billion) (2012) |
| Total assets | US$ 29.8 million (UGX:75.53+ billion) (2012) |
| Employees | About 682 (2012) |
| 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.[2] The company is listed on the Uganda Securities Exchange (USE), 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 tiles, bricks, interlocking and corner blocks, partitioning blocks, decorative grilles, ventilators, floor tiles, 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.[3]
Overview
As of December 2012, the company was a medium-sized business enterprise, whose total assets were valued at nearly US$30 million (UGX:75.53 billion, with shareholder's equity of approximately US$14 million (UGX:35.25 billion).[4]
History
The company was started on July 10, 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 Company (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 (Uganda)
- Uganda Communications Employees Pension Scheme
- National Social Security Fund
- National Insurance Corporation
- Employees of Uganda Clays Limited
- Individual Investors
Ownership
As of December 2012, the shareholding in the stock of the company, is as depicted in the table below:[5]
