Audio By Carbonatix
The revived Volta Aluminum Company says it will soon resume supplies to the local aluminum industry.
The company is back in operation after it was forced to temporarily shutdown for inadequate electricity supply and a slump in aluminum prices that made production unprofitable.
The company started actual smelting in the first week of March after it secured the necessary guarantees that its electricity needs would be met.
Director of Human Resources and Administration, Dan Acheampong told Joy Business an off-taker agreement is in place to ensure the products are supplied to markets.
“We will first feed the local market and if there is any left we will look at the external market,” he said.
Meanwhile Aluworks, one of the companies which feed off VALCO has confirmed negotiations are ongoing.
The Managing Director of Aluworks, Kwasi Okoh told Joy Business they expect to receive their first supply of up to 60 tonnes by the end of the month.
He said the company was excited about the resumption of production by VALCO because Aluworks’ cost of production is set to reduce as it will buy materials at lower cost from the smelter.
Source: Joy Business/Ghana
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
IndigoHomes showcases green vision with tree planting at GreenwichPark
13 seconds -
What Ananse knew about the web before AI existed — and why Ghana must govern it now
2 minutes -
AI in Lending: Progress, risks, and the governance imperative
7 minutes -
We must move beyond politics — Weija-Gbawe MP demands use of completed health facility
17 minutes -
Akosombo, Ghana National Research Fund, and the imperative of investing in national capacity
20 minutes -
Weija-Gbawe MP frustrated over delayed opening of completed children’s hospital
23 minutes -
BoG not meant to make profit – Majority defends losses
52 minutes -
BoG losses must not be interpreted through narrow commercial banking lens – Eric Afful
53 minutes -
Gap co-founder Doris Fisher dies aged 94
58 minutes -
Climate Evidence: Chorkor fishmongers trapped between livelihood and harmful smoke exposure
1 hour -
Roads Minister completes tour of Savannah, Upper West projects, assures timely delivery
1 hour -
Ministry of Labour signs partnership with Instead to tackle youth unemployment
1 hour -
Majority criticises Akufo-Addo gov’t over failure to achieve stability despite BoG losses
1 hour -
The Case for Henry Nana Boakye as Vice Chair of the New Patriotic Party
1 hour -
Majority defends BoG losses, says they reflect cost of economic stabilisation
1 hour