Ghana’s President, Nana Akufo-Addo has commissioned the largest gas cylinder manufacturing company at Chochoe, a town in the Awutu Senya West District in the Central Region.
The company named as APPEB Cylinder Manufacturing Company, produces 6kg and 15 kg cylinders with an installed production capacity of 4000 to 5000 cylinders per day.
It is so far the largest cylinder manufacturing company.
However, due to current market demand it only produces about 2000 cylinders per day
The Ghana Cylinder Manufacturing Company Limited (GCMCL) owned by the state can produce 1,500 cylinders per day while Sigma, a private company can produce about 3200 cylinders per day.
The company employs about two hundred and fifty (250) people and is expected to employ some five hundred (500) people at full capacity.
The company which is under the Government of Ghana private sector led industrialisation programme 1District 1 Factory (1D1F) was established in January 2019 and started construction the same year and completed in the year 2021.
The company commenced commercial production in December 2021.
Speaking at the commissioning of the factory last Friday, President Nana Addo Dankwa Akufo-Addo reiterated government’s continued commitment to providing strategic support to companies and enterprises, such as APPEB, operating in Ghana.
“We will continue to enhance the existing incentive framework designed to make 1D1F designated companies more competitive and sustainable. The incentives, which include tax holidays, import duty waivers, and interest rate subsidies, are designed to help build the capacities and competitiveness of these enterprises, and to position them for greater productivity and efficiency,” he said.
President Akufo-Addo continued, “We are waiting patiently for Parliament to give its approval to the fiscal incentive package, and I ask, respectfully, that Parliament expedites action on the matter, which has been, somewhat, delayed. It is important for investors that the legal processes for the grant of the package be completed as soon as possible.”
He encouraged the proprietors and management of APPEB Cylinder Manufacturing Ltd to take further advantage of this package and establish similar industrial enterprises in other parts of the country.
Source: https://energynewsafrica.com
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