Construction boom boosts tiles industry in Uganda
Posted Tuesday, February 9 2010 at 00:00
A key player in Uganda’s market - Ceramic Tiles Market (CTM), which claims to control 40 per cent of the market share in Uganda, says the demand for different building tiles is rapidly growing on the back of a booming construction industry.
The building and construction tile market in Uganda is estimated to be growing at the rate of about 3 per cent per annum due to the current boom in the construction industry in the country.
A key player in Uganda’s market - Ceramic Tiles Market (CTM), which claims to control 40 per cent of the market share in Uganda, says the demand for different building tiles is rapidly growing on the back of a booming construction industry. “The construction industry is rapidly growing both in the urban and in the rural areas which is also harnessing the demand for tiles for interior designs and use,” General Manger of CTM Uganda, Ms Jenifer Kamsiime said during a grand draw for its customers in Kampala.
Ceramic Tiles Market (CTM) is a franchise represented in many countries all over the world with about 100 out lets (shops). Ms Kamsiime said the Uganda franchise is 100 per cent owned by Ugandans offering different house accessories, such as floor tile, bathroom ware in all colours, bathroom and dressing mirrors, stainless kitchen sinks, bathroom cabinets among others.
Over the last three months CTM Uganda has been conducting promotions at a discount of 50 per cent for all its range of 12 products as part of it’s annual celebration to mark its anniversary in Uganda as a huge business brand by giving back to its royal customers.
The three months promotion, which was conducted in three phases and ended on January 31, saw CTM give out prizes worth Shs35 million to lucky winners in total. She said with growing market demand for tiles, they are expanding their operations to Mbale, Gulu, Mbarara and they have also opened a shop in Rwanda.
The sector as a whole is estimated to have grown at a slower pace of 3.8 per cent during fiscal year 2008/09 compared to 9.1 per cent in the previous year. Specifically, the slower pace of growth of the construction sector had a strong influence on the overall growth of the industry sector. However, Ms Kamsiime said that the growth in the industry has started picking up for both commercial and residential properties.