Aluworks is a manufacturing company based in

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 popul ...

Greater Accra 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, befor ...

. It was founded on February 24, 1978 and was converted to a

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 free ...

on May 28, 1996. After an

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 ...

in October 1996, it was listed on the

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 type ...

on November 29, 1996 at the share price of GH¢ 0.135. The company is a component listing of the

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 Pr ...

Operations

Aluworks is a company that makes aluminium sheets, coils, corrugated roofing, louver blades, etc. from raw aluminium

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 sha ...

. One of Aluworks' principal raw materials vendors, the

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, ma ...

, 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

Aluworks Limited Stock Quote

Aluworks Ltd at Gold Coast Securities
* Ghanaian brands Aluminium companies of Ghana Manufacturing companies established in 1978 1978 establishments in Ghana Companies listed on the Ghana Stock Exchange {{Ghana-stub