GHACEM unveils $100m investment plan for expansion

Ghacem, Ghana’s oldest producer of cement, has unveiled a $100 million investment programme to expand operations to meet the rising demand.

The investment which starts immediately with the upgrade of its factories in Tema and Takoradi is aimed at enhancing the production capacity of the plants to produce more to meet increasing demand for cement.

A new factory has also been earmarked for construction in Kumasi in the Ashanti Region to meet demands of customers in the middle and northern sectors of the country.

The Managing Director of Ghacem Limited, Mr Stefano Gallini, disclosed this in an interaction with selected journalists on Tuesday, July 28, on the GHACEM premises in Tema.

Mr Gallini said the new factory in Kumasi formed part of the long-term capital investment to position the company well into the future.

He said the expansion programme in the Ashanti Region would take off from the last quarter of next year and was expected to be completed in the first quarter of 2023, adding that construction works would take 18 months to complete.

Mr Gallini said the new factory in the Ashanti Region would produce 1.5 million tons of cement per annum, targeted at customers in the Ashanti,Bono, Bono East, Ahafo, Central, Savanna, Northern, North East, Upper East, Upper West regions.

He said the new plant would grind clinker, mix it with the necessary additives including calcined clay and environmentally friendly clinker alternative to deliver a high quality product.

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He indicated that the expansion programme at the Tema Factory would be completed by the end of this year with the addition of a new grinding and packing plant and an upgrade of existing equipment while upgrading works at the Takoradi factory were expected to take off soon after the completion of the upgrade of the Tema factory.

Mr Gallini said the expansion programmes demonstrated the company’s efforts in consolidating its position as the leading cement manufacturer in the country.

He said the company, a member HeidelbergCement group, had demonstrated over the past 50 years that it was committed to the use of local raw materials for the production of cement. He said the expansion programmes would create direct and indirect jobs and wealth for the benefit of the people.

On occasional shortages of the product on the market, Mr Gallini said there was no cause for alarm as there were no shortfalls in production.

When there’s expansion, there’s always room for employment, this will be good for the people and the country, now that unemployment is a major problem for government

The expansion of their production base is not bad at all. It looks like there will be no need to convey cement all the way from Tema to Kumasi and the other places afore mentioned. This will also create more jobs for the people.
But it’s also looks like GHACEM is trying to keep hold of the market since the threats of competition is alarming.