Ghana Gas, GNGC hold talks as part of acquisition deal
The Board of Directors of Ghana National Gas Company Limited (GNGC) on Tuesday hosted the new Chief Executive Officer for Ghana Cylinder Manufacturing Company Limited (GCMC), Madam Genevieve Sackey.
The discussion was centered on the takeover of the Ghana Cylinder Manufacturing Company by the Ghana National Gas Company taking over.
This engagement comes after the President’s approval for GNGC to acquire Ghana Cylinder Manufacturing Company Limited.
The new Managing Director of Ghana Cylinder Manufacturing Company, Genevieve Sackey, was full of praise for the board of GNGC after the discussion and assured the board of Ghana of her readiness to cooperate and commit to delivering on the mandate of the Company.
The mission of the Cylinder Manufacturing Company mission is to make available safe and affordable LPG cylinders, cookwares and other fabricated products on the domestic and export markets by highly motivated staff providing an acceptable level of returns to stakeholders.
The LPG cylinder recirculation module, when fully implemented, will put a stop to the process where individuals take their cylinders to the gas filling station for refill before taking them to their various homes.
This module was formulated as a following the deadly gas explosion at the Atomic Junction. As part of this module, Ghana Gas has secured license to construct an LPG bottling plant at Axim in the Western region.
The LPG bottling plant is designed to take LPG from the source of its production and bottling the commodity in LPG cylinders, which will be sent to the market.
With this arrangement, LPG cylinder manufacturing will be key to the success of the recirculation module. Being a cylinder manufacturing company, Ghana Cylinder Manufacturing Company is part of the value chain for the recirculation module. Their primary responsibility on this module is to produce quality LPG cylinders and their associated maintenance.
Being an LPG producer and a licensed company for the recirculation module, Ghana Gas recognizes the need to have a reliable LPG cylinder manufacturing company. It is at the backdrop of this recognition that Ghana Gas is taking over GCMC to give it financial phase lift and to promote market viability of GCMC.
At the board meeting were the Chief Executive Officer of Ghana Gas Dr. Ben K. D. Asante, Awulae Amihere Kpanyinli , Stephen Sumani Nayina, Madam Delphine Dogbegah, and Nana Asiaa Benneh Beyeemah I.
Source: Ghana News
