Luanda, Angola, 24 Feb – Portuguese group Ferpinta is due to launch its new factory for manufacturing steel piping, steel and agricultural accessories servicing center in Angola during the next visit to the country by Portugal’s prime minister, between April 4 and 7, Angolan daily, Jornal de Angola reported Friday.
Ferpinta Angola began its operations in 1997 and has been running ever since in its original location of Cazenga, Luanda.
Investment in the new factory, located in Viana, will total 40 million euros and is set on a 30,000 square meter plot, with a building area of 8,400 meters. It is projected that the project will create 150 new jobs.
The factory’s technology is highly advanced and it will have an installed capacity for 40,000 tons of steel piping per year.
The Ferpinta group includes 23 companies and is one of the largest factories producing piping on the Iberian Peninsula.
As wella s this investment, Ferpinta is looking into building a new 4-star hotel in Luanda, with 200 rooms investing a total of 25 million euros. (macauhub)