Ghana’s manufacturing sector is set to experience a massive boost following plans by US-based fibre manufacturing firm, GCS Fibers LLC (GCS) to establish its plant in the country.
GCS produces mineral fibre with ash coal as a raw material. The Plant when established will supply factories in Ghana with various paper and household raw materials.
With the establishment of GCS Fibers LLC in Ghana, industries which are into the production of paper and household products, high-temperature automobile parts, plastic and rubber products, construction materials among others will have easy access to the raw material needed for their production.
The company is currently in talks with the Ministry of Trade and Industry to facilitate its entry into the market.
With a greater support to Ghana governments’ industrialization objectives, GCS Fibres LLC will be responsible for the setting up and operations of up to twelve full-size mineral fiber factories over the next five years.
GCS Fibers LLC which is already established in the U.S. is a corporate entity that produces environmentally friendly mineral fibre using coal ash as its primary raw material.
In an interview with Citi Business News, CEO of the company, Atoh Andoh said the eventual establishment of the twelve companies will create over twenty thousand direct and indirect jobs.
“With the production capacity, we are able to produce as much as one million tonnes of the mineral fibre a year per factory, and this equates to about one million tonnes of coal ash being processed. We can also produce as low as ten thousand metric tonnes a year, so we have fee range and control over the production capacities of our individual factories. It depends on what the market demand is. The market demand is not just locally but globally because our product is tremendous. We see our product as one that can actually create new industries, which is much in line with the current administration’s vision for industrialization”.
“The product that we manufacture can serve as a primary material that can be used to produce end products such as brake pads, military equipment, vehicles components, airplane components and so far as there aren’t those existing industries now in Ghana that can now be possible. So as far as how it impacts Ghana it’s an opportunity for new markets to open. There is also the export opportunity as well.”
He added that: “As far as the domestic demand is concerned, toilet products and paper products will call for high demand of the product”.