His Excellency Nana Addo Dankwa Akuffo Addo has commissioned the Narubiz Rubber Factory on Friday, September 3, 2021.
This is a factory that will be operating under Government 1 – District – 1- factory initiative at Wassa Dompim in the Western Region of Ghana.
The Narubiz Rubber Factory is a runner company that is capable of processing twenty tons of rubber per day.
The processed rubber will be exported to countries such as Malaysia, Turkey, Hong Kong and many more.
The factory is a 100% Ghanaian owned company which is expected to process 6,240 tons of rubber per year when exported, and will also generate an income of US$9.6 million for the country.
Prez. Nana Addo Dankwa Akuffo Addo revealed that the factory is a US$ 2.1 investment which GCB Bank provided US$1.38 million as loan to facilitate the building of the company under 1D1F Initiative being implemented by the Ministry of Trade and Industry.