Ghacem, the nation’s leading cement manufacturer, is on the verge of constructing a 1.5-million-tonne capacity cement production plant worth US$ 100 million
in Kumasi to serve the Ashanti Region and its environs.
The Managing Director of GHACEM, Mr Stefano Gallini , who made this known, indicated that the new project had become necessary due to the high growing demand for cement in that part of the country.
He opined that the existing factories in Tema and Takoradi will be expanded as the company aim to improve efficiency and timely delivery of products.
He said, “the Ghanaian construction sector growth is the driving force behind this agenda and our Ghanaian customers are at the centre of this.”
He continued, “we want to continue taking care of the Ghanaian market and as you may be aware, there has been an exponential growth in commercial activities in which GHACEM has been involved, and we want to continue with our contribution to the nation’s development in this regard.”
Commenting on prices of cement products, the Managing Director stated that the company would review the price of its cement products if the cost of raw materials and freight witness a reduction in the coming weeks.
“We have been exposed to rising costs of raw materials, freight and other components in the production of our cement products for the past seven to eight months, such that we have to take care of it in order not to pass it over to the consumer, looking at the economic situation.
“However, we commit to adjusting the price downwards if the cost of freight is reduced. For us, other raw materials can be sourced at lower prices,” he noted.
The $100 million investment by the company is also expected to increase employment opportunities for the cement industry.