ALUWORKS Limited
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ALUWORKS Limited
Aluworks is a manufacturing company based in Tema, Greater Accra. It was founded on February 24, 1978 and was converted to a public limited liability company on May 28, 1996. After an Initial Public Offer in October 1996, it was listed on the Ghana Stock Exchange on November 29, 1996 at the share price of GH¢ 0.135. The company is a component listing of the GSE All-Share Index. Operations Aluworks is a company that makes aluminium sheets, coils, corrugated roofing, louver blades, etc. from raw aluminium ingots. One of Aluworks' principal raw materials vendors, the Volta Aluminium Company, was completely closed between May 2003 and early 2006 due to problems in negotiating an electricity Electricity is the set of physical phenomena associated with the presence and motion of matter that has a property of electric charge. Electricity is related to magnetism, both being part of the phenomenon of electromagnetism, as described ... supply. References External links Alu ...
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Tema
Tema is a city on the Bight of Benin and Atlantic coast of Ghana. It is located east of the capital city; Accra, in the region of Greater Accra, and is the capital of the Tema Metropolitan District. As of 2013, Tema is the eleventh most populous settlement in Ghana, with a population of approximately 161,612 people – a marked decrease from its 2005 figure of 209,000.Tema
. GhanaWeb.com. Retrieved 9 March 2013.
The (00 ) passes directly through the city.
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Ghana Stock Exchange
The Ghana Stock Exchange (GSE) is the principal stock exchange of Ghana. The exchange was incorporated in July 1989 with trading commencing in 1990. It currently lists 42 stock, equities (from 37 company, companies) and 2 corporate bonds. All types of security (finance), securities can be listed. Criteria for listing include capital adequacy, profitability, spread of shares, years of existence and management efficiency. The GSE is located within the Cedi House in Accra. History and operations Since its inception, the GSE's listings have been included in the main index, the GSE All-Share Index. In 1993, the GSE was the sixth best index performing emerging stock market, with a capital appreciation of 116%. In 1994 it was the best index performing stock market among all emerging markets, gaining 124.3% in its index level. 1995's index growth was 6.3%, partly because of high inflation and interest rates. Growth of the index for 1997 was 42%, and at the end of 1998 it was 868.35 (see ...
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Manufacturing Companies Established In 1978
Manufacturing is the creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of secondary sector of the economy. The term may refer to a range of human activity, from handicraft to high-tech, but it is most commonly applied to industrial design, in which raw materials from the primary sector are transformed into finished goods on a large scale. Such goods may be sold to other manufacturers for the production of other more complex products (such as aircraft, household appliances, furniture, sports equipment or automobiles), or distributed via the tertiary industry to end users and consumers (usually through wholesalers, who in turn sell to retailers, who then sell them to individual customers). Manufacturing engineering is the field of engineering that designs and optimizes the manufacturing process, or the steps through which raw materials are transformed into a final product. T ...
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Aluminium Companies Of Ghana
Aluminium (aluminum in American and Canadian English) is a chemical element with the symbol Al and atomic number 13. Aluminium has a density lower than those of other common metals, at approximately one third that of steel. It has a great affinity towards oxygen, and forms a protective layer of oxide on the surface when exposed to air. Aluminium visually resembles silver, both in its color and in its great ability to reflect light. It is soft, non-magnetic and ductile. It has one stable isotope, 27Al; this isotope is very common, making aluminium the twelfth most common element in the Universe. The radioactivity of 26Al is used in radiodating. Chemically, aluminium is a post-transition metal in the boron group; as is common for the group, aluminium forms compounds primarily in the +3 oxidation state. The aluminium cation Al3+ is small and highly charged; as such, it is polarizing, and bonds aluminium forms tend towards covalency. The strong affinity towards oxyg ...
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Ghanaian Brands
Ghana (; tw, Gaana, ee, Gana), officially the Republic of Ghana, is a country in West Africa. It abuts the Gulf of Guinea and the Atlantic Ocean to the south, sharing borders with Ivory Coast in the west, Burkina Faso in the north, and Togo in the east.Jackson, John G. (2001) ''Introduction to African Civilizations'', Citadel Press, p. 201, . Ghana covers an area of , spanning diverse biomes that range from coastal savannas to tropical rainforests. With nearly 31 million inhabitants (according to 2021 census), Ghana is the second-most populous country in West Africa, after Nigeria. The capital and largest city is Accra; other major cities are Kumasi, Tamale, and Sekondi-Takoradi. The first permanent state in present-day Ghana was the Bono state of the 11th century. Numerous kingdoms and empires emerged over the centuries, of which the most powerful were the Kingdom of Dagbon in the north and the Ashanti Empire in the south. Beginning in the 15th century, the Portuguese Em ...
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Electricity
Electricity is the set of physical phenomena associated with the presence and motion of matter that has a property of electric charge. Electricity is related to magnetism, both being part of the phenomenon of electromagnetism, as described by Maxwell's equations. Various common phenomena are related to electricity, including lightning, static electricity, electric heating, electric discharges and many others. The presence of an electric charge, which can be either positive or negative, produces an electric field. The movement of electric charges is an electric current and produces a magnetic field. When a charge is placed in a location with a non-zero electric field, a force will act on it. The magnitude of this force is given by Coulomb's law. If the charge moves, the electric field would be doing work on the electric charge. Thus we can speak of electric potential at a certain point in space, which is equal to the work done by an external agent in carrying a unit of p ...
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Volta Aluminium Company
Volta Aluminum Company, known as VALCO, is an aluminium company based in Tema, Greater Accra Region founded by Kaiser Aluminum and now wholly owned by the government of Ghana. History VALCO was a joint venture with Kaiser Aluminum and ALCOA, major aluminum conglomerates both based in the United States, in the British Gold Coast colony in 1948. In 1961, Kaiser Aluminum & the Ghana Government invested in the Akosombo Hydroelectric Project to provide energy for its aluminum smelters. The company had negotiated favorable terms for power purchase with the government. The agreement was re-negotiated in 1985, by the Rawlings government, to reflect the increased value of electrical energy. In May 2003 VALCO closed completely due to problems in negotiating a supply of electricity. On August 4, 2004, Alcoa and the Government of the Republic of Ghana announced that they had finalized agreements to restart the VALCO smelter in Tema, Ghana. The plan, which included the restart 3 potlines ...
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Ingots
An ingot is a piece of relatively pure material, usually metal, that is cast into a shape suitable for further processing. In steelmaking, it is the first step among semi-finished casting products. Ingots usually require a second procedure of shaping, such as cold/hot working, cutting, or milling to produce a useful final product. Non-metallic and semiconductor materials prepared in bulk form may also be referred to as ingots, particularly when cast by mold based methods. Precious metal ingots can be used as currency (with or without being processed into other shapes), or as a currency reserve, as with gold bars. Types Ingots are generally made of metal, either pure or alloy, heated past its melting point and cast into a bar or block using a mold chill method. A special case are polycrystalline or single crystal ingots made by pulling from a molten melt. Single crystal Single crystal ingots (called boules) of materials are grown (crystal growth) using methods such as the Czoc ...
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GSE All-Share Index
The principal stock index of the Ghana Stock Exchange or GSE is the GSE Composite Index. It was introduced in 2011 with a base value of 1000 points. This index is calculated from the values of each of the market's listings. Market listings Profiles of listed companies AADs AADs is symbol representing AngloGold Ashanti Limited on the Ghana Stock Exchange. It was listed on the Stock Exchange on 27 April 2004. Its traded securities are ordinary shares of no par value. AADs has a total of four million (4,000,000) authorised shares and 978,000 issued shares. As of 19 August 2014, its stated capital was US $3,364,000,000. ACI ACI is symbol representing African Champion Industries Limited on the Ghana Stock Exchange. It was listed on the Stock Exchange on 2 May 1992. Its traded securities are ordinary shares of no par value. ACI has a total of 500 million authorised shares and 36.603 million issued shares. As of 19 August 2014, its stated capital was GH¢1,505.455. AGA AGA i ...
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Initial Public Offer
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied by the n ...
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Greater Accra Region
The Greater Accra Region has the smallest area of Ghana's 16 administrative regions, occupying a total land surface of 3,245 square kilometres. This is 1.4 per cent of the total land area of Ghana. It is the second most populated region, before the Ashanti Region, with a population of 5,455,692 in 2021, accounting for 17.7 per cent of Ghana's total population. The Greater Accra region is the most urbanized region in the country with 87.4% of its total population living in urban centres. The capital city of Greater Accra Region is Accra which is at the same time the capital city of Ghana. History In 1960, Greater Accra, then referred to as Accra Capital District, was geographically part of the Eastern Region. It was, however, administered separately by the Minister responsible for local government. With effect from 23 July 1982, Greater Accra was created by the Greater Accra Region Law (PNDCL 26) as a legally separate region. Geography Location and size The Greater Accra Reg ...
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Public Limited Liability Company
A public limited company (legally abbreviated to PLC or plc) is a type of public company under United Kingdom company law, some Commonwealth jurisdictions, and the Republic of Ireland. It is a limited liability company whose shares may be freely sold and traded to the public (although a PLC may also be privately held, often by another PLC), with a minimum share capital of £50,000 and usually with the letters PLC after its name. Similar companies in the United States are called ''publicly traded companies''. Public limited companies will also have a separate legal identity. A PLC can be either an unlisted or listed company on the stock exchanges. In the United Kingdom, a public limited company usually must include the words "public limited company" or the abbreviation "PLC" or "plc" at the end and as part of the legal company name. Welsh companies may instead choose to end their names with , an abbreviation for '. However, some public limited companies (mostly nationalise ...
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