Roofings Group

Last updated
Roofings Group
Type Private
Industry Construction materials
Founded2004
Headquarters Lubowa, Uganda
Key people
Sikander Lalani
chairman and chief executive officer
ServicesManufacture of steel & polyvinyl chloride pipes
Number of employees
3,000+ (2016)
Website Homepage

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]

Contents

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]

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. [10] 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] [11]

Ownership

As of March 2016, the shares of the three companies that comprise the Group were owned as outlined below: [12]

  1. Roofings Limited: wholly owned by Sikander Lalani and his family.
  2. Roofings Rolling Mills: 90 percent owned by Roofings Limited and 10 percent owned by Yodogawa Steel Works Limited of Japan. This facility cost US$170 million to establish in 2014. [13]
  3. Roofings Polypipes & Irrigation Systems Limited: wholly owned subsidiary of Roofings Limited.

Governance

The Roofings board of directors has seven members, all of whom are executives in the company. Sikander Lalani serves as the chairman of the board and chief executive officer. The CEO is assisted by 31 senior managers who are responsible for running the day-to-day affairs of the company. [14]

Recent developments

In September 2016, the Group received government authorization to supply the country’s infrastructure projects, including the 600 megawatt Karuma Hydroelectric Power Station and the 183 megawatt Isimba Hydroelectric Power Station, which are under construction. [13]

See also

Related Research Articles

Lubowa Place in Central

Lubowa is a location in Wakiso District of the Central Region of Uganda. It is a suburb of Kampala, the capital of Uganda and the largest city in that country.

Housing Finance Bank (HFB) is a commercial bank in Uganda. It is one of the commercial banks licensed by Bank of Uganda, the national banking regulator.

Stanbic Bank Uganda Limited (SBU) is a commercial bank in Uganda and is licensed by the Bank of Uganda, the national banking regulator.

DFCU Bank, registered as the Development Finance Company of Uganda Bank Limited, is a commercial bank in Uganda. It is licensed by the Bank of Uganda (BoU), Uganda's central bank and national banking regulator.

Bank of Africa Uganda Limited, also known as BOA Uganda (BOAU), is one of the commercial banks in Uganda that have been licensed by the Bank of Uganda, the country's central bank and national banking regulator.

The Madhvani Group of Companies commonly referred to as the Madhvani Group, is one of the largest conglomerates in Uganda. The group has investments in Uganda, Rwanda, South Sudan, Tanzania, the Middle East, India, and North America.

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.

The Aya Group of Companies, commonly referred to as the Aya Group, is a business conglomerate based in Uganda.

Absa Bank Uganda Limited Commercial bank in Uganda

Absa Bank Uganda Limited, formerly known as Barclays Bank of Uganda Limited, is a commercial bank in Uganda. It is licensed by the Bank of Uganda, the central bank and national banking regulator. The bank is a subsidiary of Absa Group Limited, a financial services conglomerate, based in South Africa, with banking subsidiaries in 12 African countries and representative offices in two other African countries. Absa Bank Group, whose shares trade on the JSE Limited, is reported to have total assets in excess of US$91 billion, as of October 2019. 

Amina Hersi Moghe is a Somali entrepreneur. She has launched several multimillion-dollar projects in Kampala, Uganda. Her investments include Oasis Shopping Mall in Kampala's central business district and the Laburnam Courts Apartments, on Nakasero Hill adjacent to State House Kampala. She in the process of launching the first sugar factory in Northern Uganda. Atiak sugar factory will not only bring revenue and development for the region but is championed as the first large scale industrial project for Northern Uganda. She is also one of the city's largest distributors of cement and other hardware materials. With successful business ventures throughout Uganda she has become a beacon of hope and a motivating role model for young African girls.

Lweeza Place in Central Region, Uganda

Lweeza, also Lweza, is a neighborhood in the Buganda Region of Uganda. The correct phonetic spelling consistent with the local Ganda language is Lweeza.

Kampala Industrial and Business Park Place in Wakiso District

The Kampala Industrial and Business Park(KIBP), also referred to as Kampala Business and Industrial Park or Kampala Industrial Park, is an industrial and business park in Uganda. The park was developed by the Uganda Investment Authority (UIA) as a central place where investors can locate factories, warehouses, distribution centers, and other business offices.

Alam Group

The Alam Group of Companies, commonly referred to as the Alam Group is a privately owned conglomerate in Uganda. The group has business interests in Uganda, Kenya, and Rwanda.

Anatoli Kamugisha is a businessman, entrepreneur, and investor in Uganda, the third-largest economy in the East African Community. He is the managing director and chief executive officer of Akright Projects Limited, a Ugandan investor. He also serves as the Uganda Private Property Developers Association (UPDA). He has been reported to be one of the wealthiest individuals in the country, with an estimated net worth of approximately US$77million as of January 2017.

Sikander Lalani is a businessman, MD at Roofings Group entrepreneur, industrialist, and former histopathologist in Uganda. He is reported to be one of the wealthiest individuals in that country.

Ssabagabo Place in Central Region, Uganda

Ssabagabo, also known as Makindye-Ssabagabo or Ssabagabo-Makindye, is a municipality in Uganda.

The Kampala–Entebbe Road, also known as the Entebbe–Kampala Road or the Entebbe Road, is a road in the Central Region of Uganda, connecting the capital city of Kampala and Entebbe International Airport.

Letshego Microfinance Uganda,, whose official name is Letshego Uganda Limited, is a Tier IV microfinance institution in Uganda.

Uro Care Hospital Private specialized hospital in Uganda

Uro Care Hospital is a private, specialized healthcare facility in Uganda. It is a specialists' hospital and diagnostic centre focusing primarily on the areas of urology and nephrology. The facility is owned, operated and administered by Ugandan healthcare professionals.

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. 1 2 3 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). Archived from the original on 9 March 2016. 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. ↑ Mugabe, David (8 February 2011). "Roofings Company Gets U.S.$25 Million for Namanve". New Vision . Kampala. Retrieved 8 March 2016.
  11. ↑ CRO (21 November 2013). "Projects: Roofings Rolling Mills (RRM)". Construction Review Online (CRO). Retrieved 8 March 2016.
  12. ↑ RGU (10 March 2016). "Roofings Group: Share Holders". Kampala: Roofings Group Uganda (RGU). Retrieved 10 March 2016.
  13. 1 2 Kazooba, Charles (10 September 2016). "Roofings Limited to get Uganda government projects". The East African . Nairobi. Retrieved 10 September 2016.
  14. ↑ RGU (8 March 2016). "Roofings Group Management Team". Kampala: Roofings Group Uganda (RGU). Retrieved 8 March 2016.

Coordinates: 00°14′28″N32°33′26″E / 0.24111°N 32.55722°E / 0.24111; 32.55722

This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.