GIHOC Distilleries Takes Over Abosso Glass Factory

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GIHOC Distilleries Company Limited has announced a takeover of the Abosso Glass Factory which is currently struggling to operate.

Government’s plan for the factory which is located in the Prestea Huni-valley municipality of the Western Region was for it to produce more than 80 percent of the bottles used in packaging drinks in the country. However, that plan has not realized as the factory has seized operations for many years.

But the move, according to the management of GIHOC will cut the importation of bottles by 90 percent. In an interview with Citi News, Chief Executive of GIHOC Distilleries Limited, Maxwell Kofi Jumah disclosed that discussions are under to get some investors to revamp the collapsed Abosso Glass Factory.

“Our raw materials are alcohol, bottles, and labels. Abosso will still belong to Ghana government, except that GIHOC will help bring it back into operations,” he said.

Mr. Jumah disclosed further that two investors from China and the USA have already shown interest in the deal.

“The investors from the USA are coming in this month. The Chinese came in last month. Whoever is able to finalize the processes first takes it,” he added.

Source:citibusinessnews

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