Uganda to get a tyre factory
Feb 06, 2014
CCLE Rubber Company from China, is to open a $25million (about sh63bn) motorcycle tyre and tube manufacturing company in Mukono district.The factory also intends to manufacture lubrication oil.
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Ajedra said the factory is to promote quality products and reduction of prices of motorcycle tyres in the country and the entire region.
“This is what Uganda needs. If we get such industries, then the future of this country is very bright. People spend a lot of money on importing goods. It hurts because we even have the raw materials here,” he noted.
He also said Uganda remains a destination of choice for business because of peace and economic stability.
However, Ajedra noted that Uganda still had challenges of infrastructure and energy deficit. But he said the challenges can be turned into business opportunities coupled with tremendous opportunities in abundant labour, arable land for agriculture, agro-processing, tourism, mining and other untapped natural resources.
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Minister for Investment Gabriel Ajedra and the Managing Director of CCLE Rubber Company Chen Fan welcoming back some of the 20 trainees from China. Picture by Abou Kisige