Business News of 2014-04-10

Aluworks to increase capacity

Aluworks Limited, an aluminium products manufacturing company, is to raise its annual production capacity from the existing 30,000 tonnes to 50,000 by the middle of the year.
This follows the installation of a new cold-rolling mill to replace the existing one. The current mill has been in operation for the past 30 years.
The Sales and Marketing Manager of Aluworks, Mr Christian Opare-Larbi, said the switch to the new mill would also help improve the efficiency of operations and the quality of products.
He said this in an interview with the Daily Graphic at the solo exhibition of made-in-Ghana products in Ouagadougou, Burkina Faso.
"The way forward now is for us to grow our traditional market, which is the West African sub-region, so that we can export more products there," Mr Opare-Larbi, who is in charge of the northern sector, said.
Aluworks produces aluminum flat-rolled coils, discs and roofing sheets to the construction industry and kitchenware manufacturers in and outside the country.
It was one of the four metal manufacturing companies that participated in the seven-day exhibition put together by the Association of Ghana Industries (AGI).
The event was supported by the Ghana Embassy in Burkina Faso, Ghana Export Promotion Authority (GEPA) and Export Development and Investment Fund (EDAIF).
Meeting capacity
Aluworks currently sells about 60 per cent of its total output in the country, leaving the remainding 40 for the export market, which comprises mostly neighbouring West African countries.
Its current production capacity is far below the existing demand, Mr Opare-Larbi explained.
"The market is there. Currently, we have more than 155 disc customers and more than 13 coil customers in Ghana, but we are not able to service all of them because of capacity," he said, noting that the new coil mill would help address that problem.
The coils from the company are mostly sold to corrugating and roll-forming companies within and outside the country and the aluminium discs are also given to kitchenware manufacturers for onward processing into utensils and other home-used items.
The company recently introduced a roll-forming unit that supplies finished coloured and bare roofing sheets, as well as louvre blades, to final consumers.
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