Under its flagship programme, One-district One-factory (1D1F), the government is assisting Kasapreko Company Limited to access a $20 million Exim Bank loan to build a subsidiary state-of-the-art factory at Tanoso in the Atwima Nwabiagya District in the Ashanti Region to serve the northern sector of the country.
The construction of the factory, which will be multipurpose, is to begin immediately and is expected to be completed by June this year. The new factory is anticipated to create about 3,000 direct and indirect jobs for the youth, particularly those living at Tanoso and its environs.
Per the project’s timetable, installation of equipment will be completed for production to begin in August this year.
The National Coordinator of the 1D1F programme, Mrs Gifty Ohene-Konadu, led a team of technical experts from the Ministry of Trade and Industry on a tour of the 10,000 metre square land for the factory and made suggestions to prototype drawings of the plant.
The new factory will complement an already existing factory structure at Tanoso and is expected to produce about 85,000 bottles of all the Kasapreko brands, including the famous Awake purify bottled water, Royal drink, 10/10 drink, Fancy drink and Super star.
Mrs Ohene-Konadu said the Kasapreko project qualified under the 1D1F for ‘government support’ intended to promote local industries and create jobs.
She said for local industries, the government had identified two other areas that needed assistance, that was, self-help and expansion.
She commended Kasapreko for the project which would partner with the government to create jobs and alleviate poverty.
The Chief Executive Officer for Kasapreko, Mr Richard Adjei, said the decision to have a subsidiary factory was strategic as it would serve the Ashanti Region and beyond and relieve the main factory in Accra of the pressure of serving the whole country.
He said Kasapreko had over the years invested over $80 million in expansion and upgrade works of its factory in Accra.
The Group Chairman of Kasapreko, Dr Kwabena Adjei, said the company was Ghanaian-owned, and had been in operation for 30 years and was currently the only total beverage company in Ghana with ISO certification.
He said with requisite support, Kasapreko could make Ghana one of its trusted brands in the foreign market.
Kasapreko was established some 30 years ago at Nungua in Accra and is the largest producer of carbonated soft drinks and alcohol in the country with the widest product range for all consumer tastes and preferences.