|
Aluworks
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 describe ... supply. References External links Aluwo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |