Foundation stone laid for new grinding venture

President of Ghana Nana Addo Dankwa Akufo-Addo on Tuesday laid the foundation stone for the construction of a new grinding factory in the port city of Tema, some 30km east of the capital city Accra.

The project is being executed by CBI Ghana, an affiliate of Lafarge-Holcim, and is to be located at the Free Zones Enclave.

"I look forward to the construction of what we expect to be a state-of-the-art cement grinding factory to diversify the sector, promote healthy competition, and improve product standards," the president said.

When completed, the CBI Ghana plant will produce cement under the brand name 'Supacem'.