Type Public CompanyUSE:UCL Founded 1950 Key person Martin Aliker | Industry Construction Number of employees 652 (2014) | |
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Key people Martin AlikerchairmanGeorge Inholomanaging director and chief executive officer Revenue (Aftertax) US$2.3 million (2015) Total assets UGX:62.56 billion (2015) | ||
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.
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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. The company sells its products within the East African Community and in the eastern Democratic Republic of the Congo. The civil war in South Sudan forced UCL to close operations in that country in 2014.
Overview
As of December 2015, the total assets of the company were UGX:62.56 billion. During the financial year ending 31 December 2015, the company had an after-tax profit of US$2.3 million.
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 the 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 2015, the shareholding in the stock of the company, was as depicted in the table below:
Governance and management
UCL is governed by a nine-person board of directors, chaired by Martin Aliker, an independent non-executive director. The company is divided into five administrative departments under the overall supervision of the managing director, George Inholo.
Facilities
As of 31 December 2014, UCL operated two factories: