Atiak Sugar Factory Limited (ASFL), also Atiak Sugar Factory, or Atiak Sugar Limited, is a sugar manufacturing company in Uganda.
Video Atiak Sugar Factory
Location
The headquarters of the company and the main factory of the company are located in Gem Village, Pachilo Parish, Atiak sub-county, Kilak County, in Amuru District, in the Northern Region of Uganda. This lies approximately 17 kilometres (11 mi), by road, north of Atiak, off the Gulu-Nimule Road This lies approximately 85 kilometres (53 mi), by road, north of Gulu, the largest city in Northern Uganda.
Maps Atiak Sugar Factory
Overview
The new sugar factory, has a capacity to crush 1,650 tonnes (1,650,000 kg) of raw cane daily, producing 66,000 tonnes (66,000,000 kg) of powder sugar annually. Commissioning of the factory was expected in May 2016, with first distribution of sugar planned for June 2017. The factory will employ over 1,500 people and has contracted with over 5,000 out-growers. The owners of the company have established a working relationship with Gulu Women Entrepreneurs Association Limited (GWEAL), whose objective is to develop Northern Uganda.
In July 2017, the government of Uganda extended a credit facility of US$17.4 million (approx. USh62.65 billion) to Horyal Investments Holding Company Limited, the owner of Atiak Sugar Factory. The loan, according to Uganda's finance minister will help Horyal to finish construction, procure the sugar-manufacturing machinery and start sugar production. Amina Hersi Moghe, the Chief Executive Officer of Horyal, says the credit will "provide support to sugarcane out growers, offset the balance of procuring machines and restructure their loan period with DFCU Bank". A new commissioning date has been pushed to June 2018.
Construction
The supervising engineering company is Sugarnpower Projects Private Limited, from India. An electricity co-generation plant with initial capacity of 6 megawatts (8,046 hp), expandable to 27 megawatts (36,208 hp), is incorporated in the design.
Ownership
The company is a subsidiary of Horyal Investment Holding Company Limited, owned by Amina Moghe Hersi, a female Ugandan entrepreneur of Somali descent.
As of May 2018, the shareholding in Atiak Sugar Limited, is as illustrated in the ownership able below:
See also
- Economy of Uganda
- List of sugar manufacturers in Uganda
References
External links
- Pictorial: Development of Sugar Factory In Amuru As at 23 July 2017
- Uganda: How Uganda Overtook Kenya in Sugar Cane Production
Source of article : Wikipedia
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