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Ghacem looking to enter partnership with STX

World Cement,

Ghacem, a subsidiary of the HeidelbergCement Group, says that it is ready to work in partnership with the Korean construction company, STX Construction Limited with regard to the supply of cement when the company commences the construction of 200 000 housing units.

Given the current state of agreement reached between STX and the government of Ghana, over 900 million bags of cement will be needed for the construction, a situation that Ghacem believes will require an increase in daily production. This information was disclosed by the acting Commercial Director of Ghacem, Philip Archer, in a recent interview with the press. He said that even though it was early days to know which system of supply the Korean company would be adopting, Ghacem would be ready to partner the construction firm in the supply of cement and other building materials to facilitate the successful completion of the project.

Archer said that Ghacem currently produces 2.4 million tpa of cement from its two plants at Takoradi and Tema, with an average of 45 000 t per week and it will continue to enhance its production stock to meet the country’s infrastructural sector. With the boom in Ghana’s infrastructure development, it is estimated that the demand for cement per annum could reach 8% for the next 20 years. This is encouraging Ghacem to position itself adequately for the challenge.

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