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Jun 4, 2013

Eco Tech introduces new housing technology

A local business consortium, Eco Technologies and Community Infrastructure Group (ETIC Group Ghana), is to help the country speed up its efforts at closing the housing gap with the introduction of steel bending solutions that reduce time and cost.

The automated steel bending technology, known as the Ferrallats Armangue, is the creation of Grup Armangué, a Spanish consortium specialised in the manufacture of steel for concrete re-enforcement.

The Chief Executive Officer of ETIC Group Ghana, the local representative of Ferrallats Armangue, Mr John Komlan Gbenyedzi, said the company only needed to receive the architectural design of a building, input it into the Armangue software to determine the tonnage and design of steel required for a particular structure.

The state-of-the-art machine would then go ahead to preload steel rods, cut and bind them to the required shapes and sizes.

He explained that from the outset, the local representatives would send jobs to Spain to be finished and re-imported to the country, but as the technology caught on in the country the company would build a factory in Ghana.

Mr Gbenyedzi said ETIC Group, which dealt in all supplies and solutions within the “basic necessities of life” value chain.

These included the supply and management of equipment and services in food, housing (shelter), health, clothing and also transportation.

“So far stakeholders within the real estate, construction and engineering sectors have welcomed the initiative and are happy about it. We are hoping to put up a US$10 million plant in Ghana in a couple of years to cater for the steel bending needs of the entire West Coast,” Mr Gbenyedzi said.

It is expected that the project would give jobs to about 200 Ghanaians.

He said the company was interested in helping artisans in steel bending come together in an association so that they could work with them to keep them in employment.

Eco Tech intends to receive jobs from the artisans and pay them commissions or fix prices for them in a manner that would enable them to keep their margins so as to keep them in employment.

The company’s solutions, which is widely used in Spain and many parts of the European Union, has proven to ensure quality of work, accuracy, time and cost reduction which could inure to the benefit of the Ghanaian housing and real estate industry.

The housing deficit in Ghana is estimated at some one million homes. But interestingly, the gap only keeps widening yearly as there are no concrete efforts underway to significantly reduce the deficit.

The decision to adopt Ghana as an entry point to the African real estate market is mainly due to the stable political climate and conducive business environment.

Source:  Samuel Doe Ablordeppey