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Roofings Rolling Mills Limited
Summary of Proposed Investment

This Summary of Proposed Investment is prepared and distributed to the public in advance of the IFC Board of Directors’ consideration of the proposed transaction. Its purpose is to enhance the transparency of IFC’s activities, and this document should not be construed as presuming the outcome of the Board decision. Board dates are estimates only.

Project number 29274
Company nameRoofings
Country
Uganda (IDA)
Sector1Other Steel Products (Including Wire, Metal Sheets etc.)
Environmental categoryB
Department
StatusActive
Date SPI disclosedMay 18, 2010
Projected board dateJune 21, 2010
Previous EventsInvested: December 23, 2011
Signed: February 7, 2011
Approved: June 29, 2010
View Environmental & Social Review Summary (ESRS), click here
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  Overview     Sponsor/Cost/Location     Development Impact     Contacts     Attachments  

Project description
Roofings Limited (“Roofings”), the largest Uganda-based manufacturer of steel building materials, is implementing a 3-phase expansion program setting up a (i) Wire Galvanizing Plant; (ii) Hot Rolling Mill Complex and; (iii) Cold Rolling Mill Complex, all together the “Project”.

The Project will be implemented over 4 years (2009-12), under the Roofings subsidiary Roofings Rolling Mills Limited (“Sponsor” or “RRM”), a Uganda-based subsidiary of Roofings. Upon Project completion, RRM is expected to produce and sell steel construction materials (such as galvanized wire, high tensile reinforcement bars, cold rolled coils, galvanized iron coils and pre-painted galvanized iron coils) for both the local and export markets.

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