Angola: Portuguese group Imocom invests in industrial sector

11 February 2009

Luanda, Angola, 11 Feb – Portuguese group Imocom is currently investing US$16 million in the Angolan provinces of Huambo and Luanda to build a water bottling factory and one to produce cement items, the company’s chief executive Carlos Almeida said Tuesday in Luanda.

Speaking to Angolan news agency Angop about the investments the company is making this year in Angola, the CEO said that these two projects would make its possible to re-launch water production at Alto Hama and contribute to a greater range of construction materials being available on the Angolan market.

According to Almeida, bottling, distribution and sale of water is scheduled to be launched in June, in an investment valued at over US$10 million, whilst in the second half of the year the cement items factory “Prelaj” would be opened in Viana, at an estimated cost of US$6 million.

The company also plans to invest in producing concrete and aggregates in the provinces of Huambo, Luanda and Benguela, a project estimated to cost US$10 million.

Almeida also said the company would invest in manufacturing aluminium window and door frames. The project is scheduled to begin in the first quarter of this year, at an approximate cost of US$1 million.

Imocom has been operating in Angola since 2004 and does business in the provinces of Luanda and Huambo in the real estate management sector, and is now expanding its interests to the industrial sector. (macauhub)