The President of the Association of Ghana Industries (AGI), Nana Owusu-Afari has observed that the increase in GHACEM’s production capacity to 3.4 million tons per annum at both its Tema and Takoradi factories is an indication of a reverse in the collapse of industries in the ensuing years ahead.
He said the construction industry depends a lot on GHACEM and a disruption or inadequate supply of cement will bring discomfort to the sector.
Nana Owusu-Afari made the observation in an address during the commissioning of a state-of-the-art mill by GHACEM at the Tema factory, to augment its current production capacity with an additional one million metric tons annually.
This will increase the production capacity at the Tema factory from 1.2 million tons to 2.2 million tons per annum and will shoot up the overall annual capacity to 3.4 million tons, with productions from the Tema and Takoradi factories of the company.
Nana Afari said Ghana is now a construction boom and this huge investment by GHACEM gives positive vistas of the future for the housing and construction industry. Stressing that Ghana’s infrastructural deficit in the road network and housing stock are major concerns, he said “what is being witnessed today is a clear manifestation of a bright future for the survival of our industries”.
In attendance at the event were top government officials and management of GHACEM including the Minister of Trade and Industry, Hanna Tetteh, who represented His Excellency, President John Dramani Mahama, Morten Gade, Managing Director of GHACEM, Nana Prah Agyensaim VI, GHACEM Board Member and Daniel Gauthier, GHACEM Board Chairman and Member of the Managing Board of Heidelberg Cement Group of Germany.
The rest were Dr. George Dawson-Ahmoah, the Strategy and Corporate Affairs Director, Kwesi Dickson, the Tema Works Manager, Jean Marc Junon, COO Heidelberg Cement Africa, Evelyn Quansah, Takoradi Human Resource Manager and Eugene Largea, Production Manager, Tema.
The President, in an address read on his behalf by Hon. Hanna Tetteh, commended the Board and management of GHACEM, as well as its mother company, the Heidelbergcement of Germany, for their confidence in the Ghanaian economy which has informed their decision to re-invest in the company.
Government, he noted, would continue to create the enabling environment for the private sector to participate in the delivery of decent and low-cost housing units for Ghanaians.
On his part, Mr. Morten Gade, Managing Director of GHACEM cited the new production line as “ample evidence of GHACEM’s commitment to produce enough cement to meet the ever-increasing demand for quality cement for important national and individual projects.
He stressed that “these expansion projects will no doubt further enhance GHACEM’s investment portfolio, which is exclusively tailored to meet the nation’s increasing need for consistent supply of reliable, quality cement,” he said.