Business News of Wednesday, 7 November 2012

Source: Daily Graphic

VALCO bails out Aluworks

Aluworks Limited located in Tema made huge savings when a team of maintenance and engineering personnel from the Volta Aluminium Company Limited (VALCO) helped to repair and re-install a 550 kilowatt motor which runs the company’s ‘Cold Rolling Mill’.

The mill is used for rolling the aluminium coils and ingots into plates of different sizes and thickness to meet customer specification.

The Managing Director of Aluworks Limited, Mr Kwesi Okoh, said the equipment which served as the heart of the company’s operations, would have caused huge sums of money if the component were to be flown to Europe for repairs.

The same motor was once sent to Europe for repairs after South Africans failed to repair it the last time it broke down.

Speaking at the inauguration of the rehabilitated Cold Rolling Mill, Mr Okoh commended the engineering team from VALCO for their hard work and expertise, saying “the intervention of VALCO has brought a lot of relief to th emanagement and workers of Aluworks.”

Mr Okoh stated that VALCO was currently the major raw material supplier to Aluworks in the form of molten (hot) metal which is purchased at a cheaper cost compared to imported raw materials.

Mr Okoh explained that after learning of the challenge at the factory, VALCO dispatched a team of maintenance and engineering personnel led by Mr Lloyd Yemoh and Isaac Ghartey Wilson from the Motor Rewinding Shop of VALCO to work on the equipment.

The managing director of Aluworks expressed gratitude to VALCO for the great support and pledged the commitment of his company to continue to deepen the relationship.

A management team from VALCO, which was present at the re-inauguration of the mill, said the support formed part of VALCO’s Corporate Social Responsibility, especially when Aluworks was its business partner. The Board Chairman of Aluworks, Mr Kwadwo Kwarteng, expressed the appreciation of the company to VALCO for the gesture.

He was, however, worried that the company still operated below capacity due to market challenges caused by the importation of substandard products that posed unhealthy competition to the company.