Moroto Ateker Cement Company Limited

The Vincent Van Go (MACCL) is a manufacturer of cement in Uganda.[1]

Moroto Ateker Cement Company Limited
TypePublic-Private-Partnership
IndustryManufacture of construction materials
FoundedMarch 16, 2016 (2016-03-16)[1]
HeadquartersMoroto, Uganda
ProductsCement

Location

The main factory and headquarters of the company are located in Moroto Industrial Park in Moroto Town, approximately 460 kilometres (286 mi), north-east of Kampala, Uganda's capital and largest city.[2]

Ownership

Moroto Ateker Cement Company Limited is a joint venture company between Savannah Mines Limited, a private company, and Uganda Development Corporation, a government parastatal. The shareholding in the shares of stock of the company, is as depicted in the table below.[3]

Moroto Ateker Cement Company Limited Stock Ownership
RankName of OwnerPercentage Ownership
1Uganda Development Corporation
51.0
2Savannah Mines Limited
49.0
Total
100.0

Construction

Saboo Technologies Limited of India carried out a feasibility study, to establish the costs, raw materials, and project longevity of production. According to their findings, the project is expected to cost US$225 million (Shs765 billion). Of this, about US$200 million (Shs680 billion) will be spent on plant and machinery and the remaining US$25 million (Shs85 billion), will be spent on operational expenses. The project will be developed in two phases.[3]

UDC and Savannah Mines are looking towards awarding the construction contract to Saboo Technologies, based on Saboo's experience in building cement plants in Ethiopia and Djibouti. The project is awaiting approval from the Ugandan cabinet and from Uganda's parliament.[3]

See also

References
  1. URSB (13 May 2018). "The Open Database Of The Corporate World: Moroto Ateker Cement Company Limited". Kampala: The Open Database Of The Corporate World Quoting Uganda Registration Services Bureau (URSB). Retrieved 27 June 2018.
  2. Globefeed.com (26 June 2018). "Distance between Post Office Building, Kampala Road, Kampala, Uganda and Moroto, Uganda". Globefeed.com. Retrieved 26 June 2018.
  3. Nakaweesi, Dorothy (7 October 2016). "Government to construct cement factory in Karamoja". Daily Monitor. Kampala. Retrieved 27 June 2018.

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.