SUBSIDIARY NAME
Power Glass Ghana Ltd.
COUNTRY
GHANA
SECTOR/ INDUSTRY
MANUFACTURING
OWNERSHIP %
70% IIB-DG
ACQUISITION DATE
June 7, 2022
ACQUISITION VALUATION
105 MILLION
TOTAL ASSET VALUATION
1.05 BILLION
MANUFACTURING, SERVICE AND RETAILING RECREATION VEHICLES
Power Glass Ghana Ltd. By Isaac Tetteh Out acquired on June 7, 2022.
The purpose of this project is to establish a glass production facility in Ghana to produce float glass and other glass products in order to ease the growing demands for float glass products in Ghana and other West African countries. This will be done by purchasing a fully turnkey glass manufacturing plant through an EPC arrangement from Singapore to produce up to 600tpd (Six-hundred tons per day) of float glass for Ghana and West Africa.
This project will be a huge relief to the country and the sub region in the sense that lots of unemployed youth will directly and indirectly be employed, thereby helping Ghana reduce the huge import dependence and the huge unemployment problems within the country.