Growth Investment Partners Ghana backs automotive parts manufacturer
GIP Ghana has announced a strategic investment in Springs and Bolts Company.
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Growth Investment Partners (GIP) Ghana, an investment platform established by British International Investment, has announced a strategic investment in Springs and Bolts Company (SBCL), a Kumasi-based manufacturer of automotive aftermarket components.
The investment will finance the acquisition of a fully automated leaf spring production line, enabling SBCL to expand production capacity from four to 12 tonnes per day.
The expansion is expected to position Ghana as a competitive supplier of automotive components within the West African region.
Jacob Kholi, chief executive and investment officer, GIP Ghana said, “There is a clear market gap for locally manufactured components that meet international standards. By backing SBCL’s expansion, we are not only scaling a competitive business but also contributing to Ghana’s broader industrialisation agenda.”
Derrick Asamoah Boahen, CEO of SBCL said, “Our goal is to position SBCL as the preferred source of high-quality automotive components in West Africa. We are proud to partner with GIP in this next phase of our growth. With increased capacity and automation, we can better serve the automotive, logistics, mining, and agriculture sectors while providing more affordable and quality alternatives to imported products.”
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