Greater Accra Region
Aluworks Plc limited is an aluminum continuous casting and cold rolling mill located at the port City of Tema, Ghana. The company was incorporated as a private company limited by shares on the 24th day of February 1978, and granted a certificate to commence business on the 22nd March 1978.
At incorporation all the shares were owned 100% by the Aluminum Industries Commission (which became the Minerals Commission). Subsequently its shareholder base was expanded by private placing to include individuals, institutions, tertiary aluminum processing companies and banks.
The factory was built between 1982 and 1985, and was officially commissioned for production on 21st September 1985 with an installed capacity of 10,000 metric tons of various aluminum products at 70% utilization. The plant capacity was expanded to 20,000 metric tons per annum in 1992 and to 30,000 metric tons in 2002, and operated with a workforce of about 440. Currently; the labor strength is about 260.
ALUWORKS was converted to a public limited liability company at its 9th Annual General Meeting of Shareholders held on 28th May 1996.
After an Initial Public Offer (IPO) in October 1996 at the price of GH¢0.135 per share, the company was Listed on the Ghana Stock Exchange on November 29, 1996. Further bonus shares were offered in 2002. In 2009, authorized shares were increased by shareholders to 1,000,000,000 shares. Following two rights issues in 2009 and 2013, Issued shares currently amount to 236,687,001 shares as at 31st December 2018. The principal shareholders of the company are SSNIT (62.62%), and Caitlyn Limited (20.88%).
Aluworks is a reliable supplier of good quality Aluminum Coils, Discs, Flat Sheets and Sheet-in-Coil as raw materials for many small and medium-scale factories manufacturing aluminum Household Cooking Utensils, Corrugated Roofing Sheets, and general fabrication throughout the West African sub-region.
Aluworks accepts orders and delivers within six to eight weeks, once satisfactory payment arrangements such as letters of credit, deposits, or bank guarantees have been made by the customer. We package well for export to any location, and our products arrive at our customers premises in guaranteed best condition.
Within West Africa, Aluworks can offer some technical advice and support for the establishment of a new factory for Household Utensil Manufacturing, assist during trial runs with sample materials, and then supply raw materials for full production.
The basic machinery required can be sourced from Ghana and Ghanaian technicians for initial training of personnel can be arranged.
In Ghana and throughout West Africa, factories producing aluminum color coated sheets and Corrugated Roofing Sheets source their raw materials in the form of Sheet-in-Coil or Flat Sheets from Aluworks Ltd.
Delivery is prompt and our customers do not need to maintain large costly inventory levels, thanks to our proximity.
The Mission of ALUWORKS Limited is to manufacture and sell high quality aluminum and other related products in an efficient and competitive manner in order to obtain the best return on capital employed.
ALUWORKS expects to continue its growth as the leading supplier of aluminum semis to industry in the West African sub-region, an efficient and competitive source of raw materials for the tertiary aluminum factories, and future leader in the manufacture of color coated sheet and aluminum foil for West Africa and world markets.
The company’s principal activities consist of the production and sale of semi-finished aluminum flat-rolled sheet products. The products under this broad categorization are; aluminum sheets-in-coil, slit coils (coloured, plain, mill-finished, stucco embossed, roller or tension-levelled), aluminum discs, flat sheets (coloured, plain, mill-finished, stucco embossed), and roll-formed or corrugated sheets, ridges and louver blades.
The corrugated sheets are sold to construction firms and individuals for roofing of buildings. The coils are sold to local and foreign corrugating firms and discs to hollowware producers. Locally the company has over 160 customers both medium and small scale.
The company should normally export about 45% of its products mostly to the ECOWAS countries. This has however fallen to about 30% (2018) due unfair encroachment by Chinese traders.
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