Jump to content

Roofings Group: Difference between revisions

From Wikipedia, the free encyclopedia
Content deleted Content added
No edit summary
Line 35: Line 35:


==History==
==History==
The company was established in 1994 following licensing facilitated by the [[Uganda Investment Authority]]. The company has installed capacity of 120,000 metric tonnes of steel per year and in 2008 was producing about 100,000 metric tonnes annually. In February 2011, Roofings secured funding from the [[International Finance Corporation]], an arm of the [[World Bank]], totaling US$25 million for expansion of production facilities.<ref>{{cite web| url=http://www.newvision.co.ug/new_vision/news/1016590/roofings-usd25m-namanve |first=David| location=Kampala|date= 8 February 2011|last=Mugabe|accessdate=8 March 2016|title=Roofings Company Gets U.S.$25 Million for Namanve |newspaper=[[New Vision]]}}</ref> This was in addition to a [[syndicated loan]] of US$64 million obtained from a [[consortium]] of six [[Uganda]]n [[commercial bank]]s obtained in December 2010, for the same purpose. When all of the planned expansion is completed, the company's exports will more than double to over US$130 million annually. The company's products are marketed to the six member countries of the [[East African Community]] and to neighboring DR Congo.<ref name="New"/><ref name="Expo"/><ref>{{cite web|accessdate=8 March 2016|last=CRO | url=http://constructionreviewonline.com/2013/11/roofings-rolling-mills-rrm/| date=21 November 2013|title=Projects: Roofings Rolling Mills (RRM)| publisher=Construction Review Online (CRO)}}</ref>
The company was established in 1994 following licensing facilitated by the [[Uganda Investment Authority]]. The company in 2008 was producing about 100,000 metric tonnes of steel annually. In February 2011, Roofings secured funding from the [[International Finance Corporation]], an arm of the [[World Bank]], totaling US$25 million for expansion of production facilities.<ref>{{cite web | url=http://www.newvision.co.ug/new_vision/news/1016590/roofings-usd25m-namanve | first=David | location=Kampala | date=8 February 2011 | last=Mugabe | accessdate=8 March 2016 | title=Roofings Company Gets U.S.$25 Million for Namanve | newspaper=[[New Vision]]}}</ref> This was in addition to a [[syndicated loan]] of US$64 million obtained from a [[consortium]] of six Ugandan [[commercial bank]]s obtained in December 2010 for the same purpose. When all of the planned expansion is completed, the company's exports will more than double to over US$130 million annually. The company's products are marketed to the six member countries of the [[East African Community]] and to the neighboring [[Democratic Republic of the Congo]].<ref name="New"/><ref name="Expo"/><ref>{{cite web | accessdate=8 March 2016 | last=CRO | url=http://constructionreviewonline.com/2013/11/roofings-rolling-mills-rrm | date=21 November 2013 | title=Projects: Roofings Rolling Mills (RRM) | publisher=Construction Review Online (CRO)}}</ref>


==Ownership==
==Ownership==

Revision as of 22:43, 9 March 2016

Roofings Group
Company typePrivate
IndustryConstruction Materials
Founded2004
HeadquartersLubowa, Uganda
Key people
Sikander Lalani
chairman and chief executive officer
ServicesManufacture of steel & polyvinyl chloride pipes
Number of employees
3,000+ (2016)
WebsiteHomepage

Roofings Group, often referred to simply as Roofings, is the largest manufacturer of steel construction materials in Uganda,[1][2] with installed production capacity of 72,000 metric tonnes annually.[3]

Location

The headquarters of the group and two of its manufacturing companies and factories are located on 39 acres (16 ha), at Lubowa, Wakiso District, on the Kampala-Entebbe road,[4] approximately 10 kilometres (6.2 mi), south of Kampala, the capital and largest city of Uganda.[5]

New premises were acquired at the Kampala Industrial and Business Park, at Namanve, also in Wakiso District, to house new steel mills belonging to Roofings' subsidiary company, Roofings Rolling Mills Limited (RRM), the third company in the conglomerate. It is expected that once the new facilities are brought on-line, employment at Roofings Limited and RRM will triple from the present 1,000 to about 3,000.[2] The new factories will be built and operated in collaboration with two Japanese steel companies, Yodogawa Steel Works and Fujiden International. The Japanese firms will, in-turn, take an equity position in RRM.[6] More recently, the group has opened a polyvinyl chloride pipes and building materials factory at Lubowa, the Roofings Polypipes.[7]

In addition to the factories and offices at Lubowa and Namanve, the company maintains warehouses and attached sales offices at the following locations:[8]

  1. Arua Park Superstore 1 - 13-13A Wilson Road, Kampala
  2. Nakasero Booking Office 2 - 3 Market Street, Nakasero, Kampala
  3. Industrial Area Superstore 3 - 2-3 Channel Lane and 5th Street, Industrial Area, Kampala
  4. Jinja Superstore 4 - 4-6 Spire Road, Jinja
  5. Gulu Superstore 6 - Latek Odong Road, Downtown Gulu, Gulu
  6. Banda Superstore 7 - Mukabya Road, Banda, Kampala
  7. Roofings Manufacturing Limited - Kigali, Rwanda[9][10]

History

The company was established in 1994 following licensing facilitated by the Uganda Investment Authority. The company in 2008 was producing about 100,000 metric tonnes of steel annually. In February 2011, Roofings secured funding from the International Finance Corporation, an arm of the World Bank, totaling US$25 million for expansion of production facilities.[11] This was in addition to a syndicated loan of US$64 million obtained from a consortium of six Ugandan commercial banks obtained in December 2010 for the same purpose. When all of the planned expansion is completed, the company's exports will more than double to over US$130 million annually. The company's products are marketed to the six member countries of the East African Community and to the neighboring Democratic Republic of the Congo.[2][10][12]

Ownership

Roofings Limited is a privately owned company. The detailed shareholding in the stock of the company is not publicly available.

Governance

The Roofings board of directors has seven members, all of whom are executives in the company. Sikander Lalani, a British national, serves as the Chairman of the Board and Chief Executive Officer. The CEO is assisted by thirty-one senior managers who are responsible for running the day-to-day affairs of the company.[13]

See also

References

  1. ^ IFC (18 May 2010). "Roofings Rolling Mills Limited: Summary of Proposed Investment". Washington DC: International Finance Corporation (IFC). Retrieved 8 March 2016.
  2. ^ a b c Otage, Stephen (30 August 2013). "New steel plant set to employ 2,000 people". Daily Monitor. Kampala. Retrieved 9 March 2016.
  3. ^ Mugabe, David (1 March 2016). "Roofings looking to bigger distribution network through SGR". New Vision. Kampala. Retrieved 8 March 2016.
  4. ^ RGU (8 March 2016). "Roofings Group: About Us". Kampala: Roofings Group Uganda (RGU). Retrieved 8 March 2016.
  5. ^ GFC (8 March 2016). "Distance between Kampala Road, Kampala, Central Region, Uganda and Lubowa Police Post, Kampala, Central Region, Uganda". Globefeed.com (GFC). Retrieved 8 March 2016.
  6. ^ RGU (8 March 2016). "Roofings Group: Investors". Kampala: Roofings Group Uganda (RGU). Retrieved 8 March 2016.
  7. ^ RGU (9 March 2016). "Roofings Group: Roofings Poly Pipes". Kampala: Roofings Group Uganda (RGU). Retrieved 9 March 2016.
  8. ^ RGU (8 March 2016). "Roofings Group: Contact Us". Kampala: Roofings Group Uganda (RGU). Retrieved 8 March 2016.
  9. ^ Kwihangana, Sarah (6 August 2014). "Roofings Group looks to open manufacturing plant in Rwanda". New Times (Rwanda). Kigali. Retrieved 8 March 2016.
  10. ^ a b Peter (31 July 2012). "Rwanda: Regional Roofing Group at Kigali, Gikondo exposition". Kigali: Livinginrwanda.com. Retrieved 9 March 2016.
  11. ^ Mugabe, David (8 February 2011). "Roofings Company Gets U.S.$25 Million for Namanve". New Vision. Kampala. Retrieved 8 March 2016.
  12. ^ CRO (21 November 2013). "Projects: Roofings Rolling Mills (RRM)". Construction Review Online (CRO). Retrieved 8 March 2016.
  13. ^ RGU (8 March 2016). "Roofings Group Management Team". Kampala: Roofings Group Uganda (RGU). Retrieved 8 March 2016.