The Managing Director of Aluworks, Kwasi Okoh, says the survival of the Company hinges on the decision by Social Security and National Insurance Trust (SSNIT) as to whether to allow a new investor, Caitlyn Limited to become the majority shareholder.
Speaking to GBC’s Obonu News at the 32nd Annual General Meeting of Aluworks in Tema, Mr. Okoh said the Company is currently struggling to survive in the aluminium value chain and requires a strategic investor to keep the Company afloat.
Aluworks currently has SSNIT as its majority shareholder and the decision to either relinquish this responsibility is crucial for the continued existence of Aluworks.
Aluworks Limited is an aluminium continuous casting and cold rolling mill located at the port City of Tema, Ghana.
