The State Minister of Investment, Evelyn Anite and the Chairman Board of Uganda Investment Authority, Morrison Rwakakamba on Wednesday visited modern tiles and ceramics showroom in Industrial area, Kampala.
“We started with one tiles factory in this country and today we are talking about three different tile factories. The most exciting thing about Modern Tiles is that they started manufacturing during the Covid-19 period and within six months the factory was up and running,” Anite while opening Modern Tiles showroom located in Industrial Area in Kampala on Wednesday.
Currently the company has a total market share of about 58%, which implies that many Ugandans are buying tiles produced locally by Modern Tiles.
The other exciting bit of the tile manufacturing company is that it sources 90% of the raw materials locally, meaning that they are doing value addition in terms of stones and clay used in the production process.
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Anite further implored Ugandans to promote the Buy Uganda Build Uganda (BUBU) policy by buying tiles locally from the three different companies.
The recommended retail price for Modern Tiles on the market is Shs25,000 for two square metres, making it more affordable.
“ To Ugandans, it’s saving us forex because we have been donating a lot of our money in terms of importation of tiles in the country, and it was costing us a lot of money,” adding that every time Ugandan traders wanted to buy good quality tiles, they had to convert their shillings to dollars to go China, Italy, Spain among others to be able to import these tiles which is not the case now ever since the country starting manufacturing tiles.
The investment according to Anite has created jobs and also increased taxes since the company pays taxes which are used by the government to provide services to the citizens, and also providing affordable premium quality tiles to Ugandans.
The Chairman of Modern Group of Companies Ashish Monpara, whose first time to Uganda and Africa as a continent was in the year 2015, lauded the government for providing a conducive investment climate for both local and foreign investors.
To date the company has invested about$30 million in the factory, directly and indirectly employing about 3,000 Ugandans in the production process.
Ashish also appreciated the government for supporting all investors of all spheres, adding that Uganda is the best investment destination in the whole of East Africa.
Modern Group of companies owns 10 factories in Uganda including Modern Tiles in Njeru, Buikwe district. The company also manufactures hand sanitizers, Cooking gas, Aluminium, Kidera sugar, Lamborghini drinks and Beverages (Modern Spirits), Modern power. The company also acquired Kaliro Sugar in 2023.
The factory currently produces 49, 0000 square metres of tiles per day, with the capacity planned to triple to 150,000 square metres per day at full capacity
The factory which sits on 50acres is said to be employing 1,600 people directly and 3,000 indirectly.
With the production capacity of 40,000 meters of tiles a day, the Minister noted that full operation of the factory will reduce cost of tiles by 25%. .
Modern Tiles Limited sources from popular international organizations for quality it maintains. Modern Tiles Limited is having manufacturing facilities capable of sustained production quality and strength. Spearheaded by visionaries, their multi-million business has a vast network of more than 1000 retail outlets and over 250 dealers, they also run multiple branches offices with more than 200 professionals across the country
ADDITIONAL SOURCE: WallanetNews
