Angolan glassmaker Vidrul to triple production

16 January 2006

Luanda, Angola, 16 Jan – Angolan glassmaking company Vidrul signed a US$16.2-million investment agreement Friday in Luanda to modernize its facilities and triple production from 16 million bottles to 43 million bottles annually.

According to the company the contract is aimed at stimulating the national economy and boosting the country’s glassmaking industry as well as fulfilling national demand for glass and increasing the technological capacity of the industry in Angola.

Under the terms of the agreement, Vidrul undertakes to manufacture products other than glass bottles in the future, producing some 42,000 tons of products per year, with excess production sold to other countries in Southern Africa.

The agreement was signed by the president of Vidrul – Vidreira de Angola, Maria do Carmo do Nascimento, and by Jean-Louis Von Haecht, the representative of a business consortium made up of Cobel (Angola) and France’s BGI and BIH.

The project will benefit companies that make use of glass bottles, which may be able to stop importing the product, and is expected to create 143 new jobs. (macauhub)