Information
on Igara factory
The company is managed at senior management level by Uganda Tea
Development Agency Limited (UTDAL), a management agency established
by Igara and its sister factory Kayonza Growers Tea Factory limited.
The management agency employs a cross section of high caliber, knowledgeable,
well trained and experienced staff to run the Factory in order to
guarantee the quality of black tea supplied to the market.
The factory runs an efficient leaf collection system that ensures
green leaf is delivered to the factory within 4-6 hours of being
plucked. In addition the production of green leaf is enhanced through
supply of fertilizers to the farmers in a split season distribution
system. This ensures that the farmers take full advantage of the
rains that fall in two-four month seasons. The teas of Igara are
high grown teas produced at an altitude of 5800 feet above sea level.
The teas have special characteristics and are generally bright,
brisk and quite strong. This makes them fit very well with most
blends around the world.
The factory produces substantial quantities of teas every year totaling
over 2500 tons. The tea comes in all major grades such as BP, BP1,
PF, PF1, PD, D1, FNNGS, DUST and BMF. With over 2500 tons the factory
is able to supply a container of each of the main grades (PF1, PD)
every week and quite substantial amounts of the other grades are
also available.
The teas produced are properly packaged in multi-walled paper sacks
that have a thin aluminium lining in them. On request they can be
packaged in polypropylene bags with a polythene lining. The bulking,
storage and subsequent packaging of Igara teas are carefully done
and these materials prevent moisture absorption and ensure a safe
keeping quality of our teas for a very long time.Currently the factory
is at an advanced stage of obtaining international accreditation
for the implementation of food safety management systems. The Board
and management have been fully committed to the implementation of
a systematic, comprehensive, thorough and fully maintained food
safety system using the Hazard Analysis Critical Control Point (HACCP)
principles to ensure our product is relevant to the expectations
and needs of our customers.
Our teas can be obtained directly from the factories or from United
(E.A) Warehouses in Mombasa. Igara teas are mainly sold through
the auction but good amounts are also sold through direct contracts
and locally within Uganda. Igara is also registered as a Fair Trade
producer and sells teas to Fair trade registered buyers who in turn
pay a premium that is utilized for community projects and business
improvement to maintain its standards of tea. The teas are received
in Mombasa within a week from dispatch and can be shipped to any
part of the world without any unnecessary delays.In the Mombasa
auction our teas are being sold by African Tea Brokers and they
remit the money directly to the factory’s account with Stanbic
Bank, an internationally reputable bank. The terms of sale for teas
under direct contracts with buyers is through a confirmed letter
of credit issued by an internationally recognized bank that deals
with the corresponding bankers of the factory.
Shareholding of the Company
Igara has a total of 2477 shareholders and fully paid up capital
of Ushs. 528,910,000 as at the 31 st December 2005. This comprises
of 105,726 shares. A shareholders register will be availed when
you visit the factory. Note that the exchange rate is 2,300 shillings
to one Euro.
Pricing Policy
The green leaf prices vary from one year to the other. It is arrived
at by paying an initial budget figure in two parts. The first part
is paid every month and a second part is paid after three months
for every kilo produced during that period. Again depending on the
performance of the company after the draft audited accounts for
the year have been produced, a final price is then fixed by the
Board.
Sales Data
Igara sells tea to mainly three market outlets; local, contract
(direct) and Mombasa auction. The local sales are made within the
country to local blenders. Direct sales are arranged contracts with
buyers directly although the teas are shipped through Mombasa and
most of the teas are sold through the auction by Brokers in the
Mombasa auction.
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