MINERAL BEATIFICATION

1.A sponge iron manufacturing plant.

In 2015, Great Lakes Iron and Steel Co. Ltd submitted a proposal for equity partnership with government through UDC, the Corporation has reviewed the documents and necessary steps are being taken to move the project forward. This project’s funding is worth USD$2.478.

The expected benefits.

• Reduced import bill through import substitution of sponge iron.
• Creation of jobs both direct and indirect.
• Source of tax revenue to the government.
• Value addition to the locally available iron ore.

2.A sheet glass processing plant.

UDC intends to carry out an equity investment worth USD$35M (Thirty five million US Dollars) in a proposed sheet glass project located in Masaka district. This intends to promote the development of value added industries through utilization of local raw material in the manufacturing industry. The proposed capacity is 200 MT/day sheet glass processing plant. Product- glass for construction.

The expected benefits include;

• Reduced import bill through import substitution of sheet glass.
• Creation of employment opportunities to the neighboring communities and the country at large.
• Increase household incomes.
• Value addition to the abundant silica sand along the shores of L. Victoria and elsewhere.

KNOWLEDGE INTENSIVE INDUSTRIES

A packaging production plant.

UDC intends to carry out an equity financing investment to establish a packaging production plant in Lira district, to reduce on importation of packaging materials in the country.

The expected benefits include;

• Reduced import bill through import substitution of packaging material.
• Provision of employment to the local community.
• Source of tax revenue to local and central government.