President Museveni Commissions six Factories in Namanve
President Museveni has commissioned six factory investments in Kampala Industrial and Business Park, Namanve.
The six investment projects that were commissioned yesterday include, Mada Holdings Limited, Crown Packaging Industries, Picfare Industries Limited and Tian Tang Group.
With subsidiaries Tiang Tang Mixing Plant, Yaya Children’s Products Manufacturing Company Limited and Mi-Tech Uganda Limited.
They are collectively valued at over 30 million dollars, equivalent to about 110 billion shillings, and directly employ over 600 Ugandans.
President Museveni, in his address to the investors, said he is going to invite more investors in the Land.
He pledged reliable electricity supply directly from generation sources instead of through distribution companies.
He added that the cost of power for industrial use should be significantly lower.
Mada Holdings Limited operates a 125-room modern hotel, Kampala Nile Resort, valued at 37 billion shillings (10 million dollars), directly employing 200 Ugandans.
Crown Packaging Limited, with an investment value of 30 billion shillings (eight million dollars), manufactures packaging materials, crowns and metal tins. Its production capacity of 16 billion of printing, lining and punching. The company directly employs 75 Ugandans.
Picfare Industries Limited manufactures paper products and offers printing services. The investment is valued at 19 billion shillings (5.1 million dollars) and employs 159 Ugandans.
The Tian Tang Group warehousing complex, trading as Acme Forward Technology Limited, sits on 18.5 acres in which three industries are operating, including Tianhang Mixing Plant, valued at 11 billion shillings (three million dollars) with production capacity of 300,000 cubic meters per year and employing 60 Ugandans.
The other two are Yaya Children’s Products Manufacturing Company Limited, valued at 5.5 billion shillings (1.5 million dollars), with production capacity of 40 million pieces per year, and employing 50 Ugandans; and Mi-Tech Uganda Limited, an electronics manufacturer with an investment of 3.7 billion shillings (one million dollars), with production capacity of 150,000 TV sets and 60,000 stereo sets per year, and employing 80 Ugandans.