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Fan Milk to expand operations

Industrial company of the year 2012, Fan Milk Limited, is set to continue its expansion drive to other regions of the country.

This forms part of strategies to increase capacity, enhance production and reduce cost in a bid to stay competitive.

Areas that the company is focusing on are Kasoa, Cape Coast, Tema, Nsawam and Sunyani from 2013 to 2016 and then subsequently to Wa in the Upper West Region by 2017.

Managing Director of Fan Milk Limited, Mr Jesper B. Jeppesen, in an interview with the Daily Graphic said investing in other areas through the expansion drive was to help the company stay abreast of the demands of its numerous customers and meet them accordingly.

The company, he said, was thus, poised to look at other avenues they could also invest in so they could increase their revenue but would not divulge the other sectors it was targeting. 

According to him, the erratic power supply in the country was adversely affecting the company hence, revenue had not increased more than three per cent in the first quarter of 2013. However, earnings before tax increased by 25 per cent.

Meanwhile, executive of the Ghana Association of Industries (AGI) and members of the industry awards committee have met with management of Fan Milk Limited in Accra.

Led by AGI council member, Ms Awurabena Okrah, the team taken round the factories after the Public Relations and Human Resource Manager, Mr Jonathan Ocansey, had briefed them on the corporate social responsibility programmes of the company and other social issues.

Ms Okrah, who is also the Chief Executive Officer of Winglow Clothes and Textile Limited, said the industry awards was an AGI initiative to reward and honour companies that had achieved outstanding success in various areas of industry and innovation in the year under review.

She explained that the team was there to appreciate Fan Milk for emerging the Overall Best Industrial Company in 2012 and to show that their performance was valued.

According to her, the performance of the company had been impressive and thus, urged other companies to also strive to succeed as their achievements would be recognised accordingly.

The launch of the 2013 AGI Ghana Industry Awards is slated for this week.

Story: Jessica Acheampong



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