Teka multinational exports to Portuguese-speaking and central Africa via Portugal

4 August 2006

Lisbon, Portugal, 04 Aug – The Teka multinational, a maker of electric applicances, plans for its Portuguese subsidiary to take charge of exports to the Portuguese-speaking African countries and central Africa, the Jornal de Negócios reported Friday.

By decision of the multinational’s headquarters, Teka Portugal will be responsible for commercialization in countries such as the Gambia, Senegal and Botswana, besides Angola, Mozambique and Cape Verde, the company’s sales director, Teresa Lagoa, told the Portuguese newspaper.

The decision to combine responsibilities was made due to “Teka Portugal’s long experience and success in African countries, particularly the Portuguese-speaking African countries,” she said.

The expanded operations should cause the Portuguese unit’s billing to increase by 5 million euros (US$6.39 million) in 2006.

Last year the unit billed a record 54.3 million euros (US$69.4 million), up 15 percent from the previous year.

Sales grew by 33 percent the first half of this year, reaching 35 million euros (US$44.7 million), and should rise to 60 million euros (US$76.7 million) at the end of the year.

Teka Portugal currently exports nearly half of its production, mainly to Spain, Germany, Italy, France and the Benelux countries.

Lagoa indicated that the Portuguese unit plans to open a branch in the Spanish capital, Madrid, to expand its telecommunications sector via Teka Electronics.