Market News

 According to the Africa Web, the equipment known as the Cube, is valued at US$4.2mn. The plant is currently producing Gilbey’s Gin, which was launched in Accra last month. The facility’s production manager Michael Akman said the new plant would give GGBL an opportunity to ex . . .

 According to the Ghana Herald, the plant is expected to become fully operational in 18 months. It will have the capacity to grind 50,000 metric tonnes of metals per annum. Scaw Metals produces chrome forged grinding media that are used in gold and copper industries. The company set up it . . .

 The new factory has been scheduled to start production by 2014, incorporating Unilever’s latest manufacturing technologies. It will produce products from some of the company’s popular brand ranges including, Omo, Skip, Handy Andy, Domestos bleach, Comfort and Sunlight. Up until no . . .

 The company said that the step was expected to strengthen its position in the beverage can and glass packaging sectors in Africa. A report in South African newspaper Business Day said that almost US$112mn will be invested in a third furnace at Nampak's Germiston-based glass bottle b . . .

 The company revealed the information last week without giving out the details of how much the project would be worth. A senior executive of PPC was quoted in African business daily Business Day last year as saying that the company would spend US$200mn on a cement factory in Zimbabwe . . .