Biscuits and pastries production

Company was established in October 1997 and has since been baking bread and making pastries. Additional line for biscuits production has been put in place. Company currently employs 60 workers.. Company is 100% Ghanaian owned which supplies supermarkets and other shops nationwide. The annual turnover sales are about US$600,000.00 locally.

Company wants equity participation and injection of US$400,000.00. Company wants to expand production through the acquisition of additional machinery.

EBENEZER K. ASANTE
P.O.BOX 1799, Accra
Tel:233-21 851322
Fax:233-21 670384
Cell:233-277594688
ebenezergh2001@yahoo.com

 Project Location: Weija-Accra

Production and promotion of exhaust emission control and saving products.

Company was established in 1998 as a 100% Ghanaian owned. The company’s present activities include; general engineering works, distribution of plants, machinery, vehicles and parts, industrial chemicals and fire belt construction. The major clients include, the Electricity Company of Ghana Ltd (ECG), Volta River Authority (VRA) and Tema Oil Refinery (TOR). Currently, company has a six (6) member Board of Directors, three (3) permanent staff and ten (10) distribution agents. The company enjoys both local and export markets. The annual turnover is estimated at US$34,586.00. Company’s planned annual production capacity is estimated at 100,000 units per product.

Company is seeking foreign co-operation in joint venture, equipment supply, technical & management expertise and licensing. Estimated Investment Cost for expansion is US$4,811,000 made up of local equity US$1,730,000 and foreign equity/loan US$3,081,000. Company has a business plan for study and further action by any interested investor.

E.K. GYAMPOH, JNR
P.O.BOX AN 8139, Accra-North
Tel:233-21 413468
Fax:233-21 413468
Cell:233-244026870

Ekgjunior2005@yahoo.com
coldweldengserv@yahoo.com

 Project Location: Ofankor, Greater Accra

Cocoa processing

The company is a component group of Vistalux Ltd founded in 2003. Main activity is to process high quality cocoa into powder, natural cocoa butter, deodorized cocoa butter and cocoa liquor. Company intends to process 1,500 metric tons each of the products per month for sale in both the local and international markets. The promoters are experienced business executives already providing high quality, custom, and comfortable housing solutions including hotels. The company’s activity is to be carried out in a free zone area. The total project cost comes up to US$25,000,000.00

Company is NEW and wants foreign equity participation to raise the total investment capital of US$25,000,000.00 to establish the business. Company qualifies for exemption from payment of duty on machinery and equipments and a ten (10) year tax holiday thereafter pay a corporate tax of 8%. Company has its business plan readily available.

KOJO ANSAH (MD)

P.O.BOX GP 21139, Accra
Tel:233-21 811918
Fax:233-21 811919
Cell:233-244576424

emmavista@yahoo.com
kansah@africaonline.com.gh

Project Location: Cape Coast, Central Region (Main Ops) and factory at Agona Nkwanta, Western Region

Manufacture of food equipment, hospital furniture & machine parts

The business has been in existence since May 1999 as a manufacturer of quality food processing equipments, hospital furniture and spare parts for small-scale industrial machines. The promoter was trained in NJ Institute of Technology, USA and has gained several years’ practical experience in the field. Raw materials are in abundance within the Suame Magazine the largest metals workshop in West Africa. Company manufactures varied quantities of products depending on market demand and available contracts. Currently the company has transactions with over 10,000 customers in Kumasi, Sunyani, Techiman and Tamale.

Company is in EXISTENCE but wants foreign equity participation or foreign loan to EXPAND. The capital need is estimated at US$40,000.00.

JOSEPH NKRUMAH (MD)

P.O.BOX SE 1714, Kumasi
Tel:233-244809123
233-51 30093/25426
aroyalfarms@yahoo.com

Project Location: Suame – Kumasi

Process Cocoa into liquor, butter and powder

Company was incorporated in August 1995, to process coconuts into desiccated coconuts for export market. The coconut processing line has been shut-down three years ago due to some technical and financial reasons. Management plans to sell the coconut processing machinery and acquire in place cocoa processing machinery to process locally available cocoa beans. The project is sited on an 11-acre industrial plot near Takoradi,

the second port city in Ghana. Company has been granted permission by Ghana Cocoa Board to bring into the country Cocoa processing plant to process cocoa beans locally. Company plans to process 15,000 metric tons per annum of cocoa beans to produce 4,160 mT of cocoa liquor, 3410 mT of pure pressed cocoa butter and 4,910 mT of natural cocoa powder. A complete turn-key cocoa processing plant from Spain currently is estimated at US$ 15.72m. The promoters have vast experience in Agro-processing and export marketing. They are also conversant with quality requirements by export markets.

The project is NEW in place of an abandoned coconut processing unit by the same promoters.

Equity participation required. Estimated total cost of project is US$ 15.72m. Collaboration being sought also includes; loan, buy-back arrangement and equipment purchase.

Company has a business plan carried out in March 2006 by KPMG, Ghana.

Company if sited as a free zone project shall qualify for exemption from payment of duty on machinery and equipments imported for the project and tax holiday of 10 years, after which company shall pay 8% corporate tax. No restriction on profit repatriation.

ALBERT ANTI OWUSU (MD)

P.O.BOX ML 151, Mallam-Accra
Tel:233-243262954
tatlockcocoa@hotmail.com

Project Location: Apowa near Takoradi, W/R

Manufacturing of poultry and livestock feeds

Established in 1968 as a subsidiary of Pfizer International of New York, USA. Pfizer ceded 25% of its equity shares to private individuals in 1975 and finally sold the remaining shares of its equity in 1991. Now wholly owned Ghanaian company still manufacturing poultry and livestock feeds. The existing machinery is obsolete and need to be replaced with new and modern ones to achieve a new feed production capacity of 10 tons per hour. Company employs 57 persons currently. The annual turnover sale is estimated at US$ 2.8m since

Company controls about 30% market share of commercial feeds sales in the country.

Company has well-experienced personnel for production and established distribution network across the country.  Company requires capital injection of US$ 3.7m to carry out its EXPANSION project. Collaboration sought includes equity participation and technical expertise. Company qualifies for exemption from payment of duty on initial imported machinery and equipments for the project. No restriction on profit repatriation.

SETH BEKOE APEADU  (MD)

P.O.BOX 3934, Kumasi
Tel:233-51 50093/-51 50758
Fax:233-51 50126
agricare@africaonline.com.gh

 Project Location: Abuakwa- Kumasi

Soap manufacturing

Started soap production at an artisanal level in 2000 and incorporated a company in 2005. Now production has trebled but still with low level of efficiency. Installed capacity is 655,000 pieces of tablet soap. The estimated tablet soap produced in 2006 came up to 650,000 pieces with an annual turnover sale of US$112,000.00. Company intends to expand production of tablet soap by 50% at the end of 2008 and add a new line for liquid soap (120,000 litres) per annum by using modern and efficient technology. One of the required raw materials which is potash obtained from cocoa husks is in abundance within company’s reach.

Company wants equity participation and marketing expertise. The total investment cost is estimated at US$ 550,000.00. There are investment incentives under the investment law for the company which include:

Duty exemption, tax rebate depending on the location, free repatriation of profit without any restriction among others.

PETER KWAME NKRUMAH (MD)

P.O.BOX  SE 392, Suame-Kumasi
Tel:233-51 21290 Or  0243484129

Manufacturing of toilet rolls, exercise books, tissue papers and envelopes.

Company is a New manufacturing entity with a capacity to produce paper products such as toilet rolls, exercise books, tissue papers and envelopes for the local and export markets within the ECOWAS region. The current workforce is 21, made up of 3 management staff and 18 unskilled workers. Present production capacities per annum are:

The company’s estimated annual turnover sale locally is US$ 1,459,639.00.

The project is a star-up and ongoing calling for equity participation. The estimated total investment cost is US$ 1,612,212.00.

Currently, there is no formal project report available but personal business achievements of the promoter and market demand driven forces for the products attracted him into this project.

Duty exemption on machinery and equipments, tax rebate due to the location of the project and tax exemption on production and sale of educational materials are available to be enjoyed.

Project Location: Jachie

Footwear production and repairs.

This is an indigenous Ghanaian owned company engaged mainly in footwear production and repairs which started in 1985 but got incorporated in 2000.

Company intends to establish a footwear manufacturing academy to train school drop outs and other apprentices. The production also includes; other leather products such as belts, bags and wallets. AOFAC plans to acquire the assets of a defunct Leather and Tanning Company Limited (LTCL) located at Fumesua a suburb of Kumasi. The cost for the assets free from all liabilities and encumbrances is US$ 1,250,000.00. The company is equipped to process about 3 million square feet of finished leather per annum running on single shift.

Requires equity participation to acquire the assets of LTCL at the cost of US$ 1,250,000.00. Available business plan for study and further action. Company qualifies to enjoy exemption on custom duty on machinery and tax rebate due to the project location. No restriction on profit repatriation.

aofac@yahoo.com

Production/weaving of traditional Kente cloth

The enterprise is known to be one of the reputable local ‘Kente’ cloth producers in Bonwire the centre of Kente cloth production in the country. Company employs fifteen (15) workers as permanent staff but increase the number when business demands. The company has capacity of producing 22,000 square metres per annum but produced 18,000 sq metres in 2006 fetching US$ 140,860.00 as total sales for the year. Company wants to expand sales to the export market. The current unit price of Kente Cloth ranges between $400 and $1000 depending on the quality, design and texture. According to the company, there is an emerging market for Kente Clothes in the USA, UK, France, Italy, Cote d’ Ivoire, South Africa and the Scandinavian countries.

The promoter wants a foreign partner to inject an amount of US$ 100,000.00 into the business to achieve its export target. Hence the total cost including existing assets will come up to      US$ 175,000.00. The collaboration also includes structures for distribution of products abroad and capital for raw materials.

No restriction on profit repatriation.

Production of chalk

Company is yet to be registered as a limited liability having operated as a sole proprietorship since November 2004. Currently, the company is producing white chalk and intends to modernize it production through expansion. The enterprise seems to be on a small scale due to inadequate funds to purchase modern machinery and lack of working capital to procure the needed raw materials. The targeted market is the numerous schools both public and private in the Ashanti region and beyond.

Company wants equity participation/loan to expand its existing production unit. Company has a business plan which can be reviewed to suit the interested parties.

Project Location: Patase Estate (H54)-Kumasi

Manufacturing of spring mattress, metal boxes, steel beds, steel chairs & tables

Founded in 1969 as manufacturers of spring mattress, metal boxes, steel beds, steel chairs & tables and now producing metal/wood combination furniture. Installed capacities and estimated annual quantities are :

Metal chairs/tables (3 models) -26,000pcs as against 14,000pcs.

Metal/wood combination furniture (4 models) - 10,000pcs as against 8,000pcs.

Company employs fifteen (15) permanent workers and eight (8) seasonal hands. End users of company’s products include the Ministries, Universities and health institutions. The annual turnover sale averages around US$ 400,000.00.

Company’s managerial expertise, quality control and research & development are guaranteed due to over 30 years involvement in the industry.

The promoters want to expand current production facilities, improve quality and introduce the newly developed product that is metal/wood combination furniture. The estimated total investment cost is US$ 505,000.00.

Company is seeking foreign participation to raise the total investment capital of US$ 505,000.00 for its expansion programme. The incentive package for company include duty exemption, tax rebate due to project location and no restriction on profit repatriation.

There is a business plan available on the envisaged project.