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President Nana Addo Dankwa Akufo-Addo today, Tuesday, 23 July 2019, cut sod for the second phase of expansion work of KEDA Ceramics Company Limited, a tile manufacturing company in Aboadze, in the Shama District of the Western Region.
The expansion is to support the company’s capacity to meet local and export demands for tiles.
Total investments made by far for the first and second phase of the project amounts to $77.3million and would result in a substantial decline of about 40% of tiles import into the country. The phase two of the factory is expected to commence full operations by September this year.
Akufo-Addo commended KEDA ceramics for supporting the government’s drive towards industrialisation at the commissioning ceremony.
Managing Director for KEDA Ceramics Company Limited, Mr Lorry Li hinted that some 2000 direct and 3000 indirect jobs would be created along with this investment.
He added that the company is striving to transform its operational area into an industrial hub to support optimum production capacity, newer products, and technology transfer.
For his part, Ghana’s Minister for trade and industry, Alan Kojo Kyerematen charged the company to explore the US and EU markets given that some incentives are available to support it
Source: Ghana/ClassFMonline.com
