Business News of 2014-01-12

Chinese firm to construct Aluminium processing plant at Shama

A multi-national Chinese construction firm, Huasheng Jiangquan Group, has identified Shama District as a viable place for the construction of an aluminium processing plant.

The District hosts the Aboadze Thermal Plant, the Regulatory and Metering Station of the West African Gas Pipeline Company, the fertilizer factory, the Pra River and vast land.

The District Chief Executive, Mr. Enoch Kojo Appiah told the GNA in an interview that some officials from the Ministry of Trade and Industry visited the project site on Wednesday January 8, to assess its viability.

He said a team from the Chinese firm would also arrive in the District next week for further feasibility studies.

He said the district had over 6,000 acres of land reserved for infrastructural development and that the traditional authorities and land owners had expressed their readiness to invest their land as equity.

Mr. Appiah said the plant would be sited between Fomayeh and Anlo Beach, near the Pra River; so that the water source could be used as a cooling agent for the plant which generates a lot of heat.

He said the plant would open up the area for more investors and create job opportunities.

“I am so excited after untiring efforts lobbying for investors to invest their monies in the district, moving from one Ministry to another as well as the Ghana Investment Promotion Centre,” Mr. Appiah said.

He said the district was the gateway to the Western Region and the best place for the construction of refineries, real estate development, shopping malls and many other projects.

The Chinese firm intends to invest over $2 billion dollars in Shama with anticipated 5,000 direct jobs to make the region the second industrial hub of the country.

Established in 1988 and based in the city of Linyi, China, Huasheng Jiangquang Group had subsidiaries that engage in power production, electrolytic aluminium and burnt carbon products, construction, foreign trade, real estate development, wood processing, ceramic tiles and white porcelain.

Source: GNA
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