Angola: Média Nova group invests US$25 million in printworks

14 November 2008

Luanda, Angola, 14 Nov – Angolan group Média Nova has invested US$25 million in setting up a new print works opened Thursday in Talatona, in the south of Angola´s Luanda province, according to Angolan news agency Angop.

The facility, known as Damer, has the capacity to print 75,000 48-page newspapers or similar publications, per hour and is currently working at 80 percent of its capacity.

By March 2009, when the project is due to be concluded, the investment will total US$35 million and could bring in up to US$30 million per year, according to the Chairman of Média Nova, Álvaro Torre.

The chairman told the press, after opening the printworks, that in March of 2009 a secure printworks would be set up in the grounds of Damer in order to print bank cheques, credit cards and mobile phone top-up cards.

Damer, which took two and a half years to build, will print newspaper, books, magazines, business cards, printed advertising and other similar items.

The factory covers an area of 7,400 square metres and employs 73 workers including Angolans and foreigners. (macauhub)