ABL inaugurates $100m expansion project
The first
phase of a multi-million-dollar expansion project of the ABL, a local brewery
company, designed to double the company’s production capacity has been
inaugurated in Accra.
The $100
million facility comprises two state-of-the-art packaging lines, an expansive
warehouse with a loading bay, material storage areas and two additional power
generators.
Known within
ABL circles as ‘Project Everest,’ the project, which started in 2013, also has 10
beer storage vessels, two additional water storage tanks, an effluent and waste
treatment plant and an energy recovery system to make the plant more energy
efficient.
Energy
crisis will be solved
At a
ceremony to inaugurate the project yesterday, the government again gave an
assurance that the crippling power crisis would be tamed.
It comes on
the backdrop of President John Dramani Mahama’s pledge during his State of the
Nation Address to Parliament last Thursday that he would fix the problem seen
by many as a threat to industrial growth.
The Minister
of Trade and Industry, Dr Ekwow Spio-Garbrah, inaugurated the project on behalf
of President John Dramani Mahama.
In a speech
read on his behalf, the President said it was comforting that the ABL was not deterred
by the power crisis and had soldiered on with its expansion plans.
“The
government has always assured both the local and the international business
communities that the current situation of power outages is a temporary one
which will be solved shortly, even as steps are being initiated, in
collaboration with both the World Bank and the United States government, to
devise and execute energy sector reforms that will ensure that this unfortunate
situation never arises again,” the President said.
He said
beyond finding a lasting solution to the problem, the government was committed
to creating an operating environment for manufacturing businesses to thrive and
become competitive, not through protectionism, but rather through innovation
and the use of local substitutes of imported materials.
Creating
jobs
The Chairman
of the ABL board, Dr Charles Mensa, said in view of the company’s increasing
reliance on local materials, including rice, maize and cassava as raw
materials, apart from direct jobs, rural communities would also feel the effect
of the expansion as demand for the produce from smallholder farmers would go
up.
For her
part, a Deputy Minister of Finance, Mrs Mona Quartey, commended the company for
its outstanding show of confidence in the Ghanaian economy.
She said
that was a show of resilience, adding “we would support you in anyway we can”.
The Managing
Director of ABL, Mr Anthony Grendon, who gave the background to the project,
said after several attempts were made to acquire a large tract of land for the
project without success, the company settled on its current location, a
decision that resulted in the demolition of 12 residential buildings, two
offices and a warehouse.
He said
apart from increasing the company’s production capacity for both beer and soft
drinks to meet projected sales growth, the expansion would also position the
company to work in an environmentally friendly and energy-efficient way.
Comments
Post a Comment