Caxito, Angola, 4 March – The Kudyela Forest Group (KFG) consortium, which is Angolan and Australian owned, has announced it plans to invest US$20 million this year in building a wood treatment unit in Angola’s Bengo province, in the north of the country.
According to Angolan newspaper, Jornal de Angola, the KFG consortium includes ANgolan companies Bongani Investments & Consultants, a subsidiary of Bongani Holdings and the Neto group and Australia’s Timms, a manufacturer of saw mill equipment.
The director of Bongani Investment & Consultants, Luís Cupenala, said that the concession included an area of 20,000 hectares of dense forest, with a production capacity of 32,000 cubic meters of logs per year, which would rise to 52,000 cubic meters in 2011.
The project, work on which is due to begin soon, is expected to be in operation in the last quarter of this year.
Bengo province, with an area of 41,000 square kilometres and a population of around half a million people, has vast forest resources. (macauhub)