Alan Kwadwo Kyerematen <\/strong><\/p>\nAstek Company Limited, a fruit processing company located at Nsawam in
\nthe Eastern Region is to restart full operations in April 2020, following the
\napproval of GH\u00a25,444,760\u00a0 through the
\nMinistry of Trade and Industry\u2019s stimulus package programme for the
\nrefurbishment of the company.<\/p>\n
The Minister of Trade and Industry, Alan Kwadwo Kyerematen, who made
\nthis known in Parliament yesterday, said out of the amount, GH\u00a22,639,760 meant
\nfor capital expenditure had already been released, while the remaining GH\u00a22,805,000
\nwhich is also meant for working capital would be released in due course.<\/p>\n
The Minister was answering a question posed by the Member of Parliament
\n(MP) for Nsawam\/Adoagyiri, Frank Annoh-Dompreh, who wanted to know the plans
\nthat the Ministry had to revive the company to help provide job opportunities
\nfor the people in the area.<\/p>\n
The minister indicated that when the company starts full operation it would
\nbe able to provide 60 direct jobs and 200 indirect jobs for residents of Nsawam
\nand Adoagyiri<\/p>\n
He said the business promoter of the company who was leading the
\ncompany\u2019s revival, had ordered for 600 metric tonnes per annum pineapple
\nprocessing equipment which would arrive in the country in January 2020, for
\ninstallation.<\/p>\n
\u201cMr Speaker, the promoter has also used part of the disbursed amount to
\nrefurbish the company\u2019s premises at Nsawam but would require an additional
\namount GH\u00a2500,000 to complete the refurbishment due to cost overrun,\u201d he said<\/p>\n
According to the minister, the ministry through its \u2018One District, One Factory\u2019 policy will provide all the necessary incentives and support to ensure the successful operation of the company, adding that the company has secured orders to export canned sliced and chunked pineapples to Spain, USA and Egypt, under the new brand name, Nano Foods.<\/p>\n
By Thomas Fosu Jnr<\/strong><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"Alan Kwadwo Kyerematen Astek Company Limited, a fruit processing company located at Nsawam in the Eastern Region is to restart full operations in April 2020, following the approval of GH\u00a25,444,760\u00a0 through the Ministry of Trade and Industry\u2019s stimulus package programme for the refurbishment of the company. The Minister of Trade and Industry, Alan Kwadwo Kyerematen, […]<\/p>\n","protected":false},"author":1,"featured_media":742092,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-742091","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\n
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