GREL to establish processing plant

Ms. Elizabeth Cobbinah (right) receiving the documents to the Suzuki motor bike from Mr. Lionel Baare

Ms. Elizabeth Cobbinah (right) receiving the documents to the Suzuki motor bike from Mr. Lionel Baare

Ghana Rubber Estates Limited (GREL) plans to establish a new processing plant at Apimanim in the Ahanta West District of the Western Region, as part of its expansion policy.

The project is to maximise the rich rubber potentials in the country.

Set to be executed  in two  phases,  the new plant,  which  is  expected to be  fully operational  in 2027, involves a capital  outlay  of  GH¢200 million with the first phase to  be  completed  in 2019.

The Managing Director (MD) of GREL, Lione Barre, announced this at the company’s 2016 Best Workers’ Awards here.

In all, a total of 36 workers were honoured for their hard work and dedication to duty, with Ms. Elizabeth Cobbina and Ms. Efua Nuamah, both from production unit emerging as joint best workers. Mr. Edward Aggrey, from the factory/stores department, was adjudged the best worker in the male category.

Each of them received a motorbike, a certificate of honour and a citation.

Mr. Barre added that the project would involve the injection of new equipment and inputs while the existing facilities would also be rehabilitated.

According to the MD of GREL, the second phase would come on board depending on the stability of the economy and the international price of rubber on the   market.

GREL, Mr. Barre indicated, had envisioned  to  expand  its  rubber  estate  between 20,000 to  25,000 acres and  put under exploration between   five and  10 years ,  with a   capital outlay  of GH¢20 million.

He believed that GREL’s dream of expansion would be a reality, adding that there were good prospects in the coming years.

Mr. Barre, however, explained that the change would take time and between 2017 and 2019, the machines for the new factory would be on site to create more jobs and promote increased production.

“We want to increase acreage to about five times more than the current figures. This is the future for employment of about 2,000 people in the rubber industry. We are positive and we have the strategies and it’s good for businesses in Ghana, and for the community to grow. Indeed, this is a significant improvement. Yes, growth will come back and we will be proud about GREL.

“There will be more dividends for shareholders and more revenue for the government. With a strong rubber economy, there will be more in terms of taxes and more community social responsibility projects. We need all of you to contribute your quota; it’s about your future,” he added

Mr. Barre  noted that 2016 was a difficult year for the rubber  industry, a trend  never  experienced  since  the   last 16 years, but argued that with the  injection of more resource and goodwill  from the market, the company  could   harvest more dividends and  prospects.

He continued: “This is the dream for progress and we will realise this as fast as possible.The factory will take time but we will make it bigger between 2018 and 2019 despite the challenges.”

From Clement Adzei Boye, Abura

Ghana Rubber Estates Limited (GREL) plans to establish a new processing plant at Apimanim in the Ahanta West District of the Western Region, as part of its expansion policy.

The project is to maximise the rich rubber potentials in the country.

Set to be executed  in two  phases,  the new plant,  which  is  expected to be  fully operational  in 2027, involves a capital  outlay  of  GH¢200 million with the first phase to  be  completed  in 2019.

The Managing Director (MD) of GREL, Lione Barre, announced this at the company’s 2016 Best Workers’ Awards here.

In all, a total of 36 workers were honoured for their hard work and dedication to duty, with Ms. Elizabeth Cobbina and Ms. Efua Nuamah, both from production unit emerging as joint best workers. Mr. Edward Aggrey, from the factory/stores department, was adjudged the best worker in the male category.

Each of them received a motorbike, a certificate of honour and a citation.

Mr. Barre added that the project would involve the injection of new equipment and inputs while the existing facilities would also be rehabilitated.

According to the MD of GREL, the second phase would come on board depending on the stability of the economy and the international price of rubber on the   market.

GREL, Mr. Barre indicated, had envisioned  to  expand  its  rubber  estate  between 20,000 to  25,000 acres and  put under exploration between   five and  10 years ,  with a   capital outlay  of GH¢20 million.

He believed that GREL’s dream of expansion would be a reality, adding that there were good prospects in the coming years.

Mr. Barre, however, explained that the change would take time and between 2017 and 2019, the machines for the new factory would be on site to create more jobs and promote increased production.

“We want to increase acreage to about five times more than the current figures. This is the future for employment of about 2,000 people in the rubber industry. We are positive and we have the strategies and it’s good for businesses in Ghana, and for the community to grow. Indeed, this is a significant improvement. Yes, growth will come back and we will be proud about GREL.

“There will be more dividends for shareholders and more revenue for the government. With a strong rubber economy, there will be more in terms of taxes and more community social responsibility projects. We need all of you to contribute your quota; it’s about your future,” he added

Mr. Barre  noted that 2016 was a difficult year for the rubber  industry, a trend  never  experienced  since  the   last 16 years, but argued that with the  injection of more resource and goodwill  from the market, the company  could   harvest more dividends and  prospects.

He continued: “This is the dream for progress and we will realise this as fast as possible.The factory will take time but we will make it bigger between 2018 and 2019 despite the challenges.”

From Clement Adzei Boye, Abura

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