Lisbon, Portugal, 26 Jan – Portuguese drinks manufacturer Compal is due to launch its first factory in Angola, its main export market, in February, the company’s chairman told Portuguese financial daily, Jornal de Negócios Wednesday.
According to António Cotrim Figueiredo, the new unit would have a production capacity of between three and four million liters of juices, from three of the 12 brands the company manufactures and sells in Portugal and Europe.
Compal, which has annual turnover of around 9 million euros in Angola, would still have margin to increase capacity as the market’s annual consumption is around 12 million liters, Figueiredo said.
The factory, due to start operating in March 2005, is the result of a partnership between Compal and local group 6Líquidos Alimentares.
The Portuguese company is expected to have had turnover of some 170 million euros in 2005, an 8 percent increase year on year.
This year, the company’s estimate is of 11.8 percent growth to 190 million euros. (macauhub)