Uganda Clays Ltd is Uganda’s leading manufacturer of quality baked clay building products. Using Italian-made heavy clay processing machinery, the Company manufactures well over 40 items of building materials from clay excavated using surface mining techniques. The materials are baked to a characteristic Kajjansi brick-red colour in two continuous Hoffman kilns using coffee husks.

UCL was the first equity to be listed on the Uganda Securities Exchange (USE) in 2000. In 2006, due to share price escalation, it carried out its first share split of 10:1, and this was followed by a second one of 100:1 in 2008.

Uganda Clays Ltd plans to enter the regional markets via Rwanda, following heightened competition in Uganda, coupled with the closure of its South Sudan operations.Its new target markets include eastern Democratic Republic of Congo, northern Tanzania, Rwanda and Burundi.By press time, the Uganda Securities Exchange-listed UCL had not published its half-year financial results. The company posted a $2.3 million profit.Rogers Mawanda, commercial manager and head of communications said that South Sudan was UCL's second largest market, contributing 35 per cent of the company's revenue, but when civil war broke out in the country, the firm closed operations. This has affected its financial flow.Consequently, the company has been struggling to pay a $5.9 million debt from Uganda's pension body, the National Social Security Fund. Read more

Uganda Clays (UCL) shareholders will not be taking home a dividend after the company incurred a third straight loss. The company, despite a 9 per cent growth in revenue to Shs24b, still made an after-tax loss of Shs1.2b from Shs5.2b. The rise in revenue is mostly due to lower cost of sales and expenses but also an additional Shs3b the company got from land sold to the Uganda National Roads Authority (UNRA) for the construction of the Kampala – Entebbe Expressway in Kajjansi. The clay products manufacturer laid off about 40 employees in order to cut costs. Management had projected that the restructuring and operational methods would cut costs by about 40 per cent but that is not reflected in the financial statement. Read more