Angola: Coca-Cola invests US$150 million in Angolan soft drinks market

27 March 2009

Luanda, Angola, 27 March – Coca-Cola Bottling in 2008 invested US$150 million in Angola in construction of two new factories, acquisition of casks and other subsidiary equipment, the managing director of Sabmiller/Angola said Thursday in Luanda.

Samuel Jerónimo, who is also director of Coca-Cola in the northern (Cabinda, Luanda and Benguela) and southern (Huíla, Namibe e Kwando Kubango) areas, told Angolan news agency Angop that US$100 million was used to build factories (Luanda and Catumbela), 30 million on casks and bottles and a fleet of trucks, and US$20 million in subsidiary equipment.

At the Catumbela factory US$22 million were invested, with a production lines of reusable bottles, and in the project at Cacuaco US$75 million were applied for bottling soft drinks.

Samuel Jerónimo said the main constraints for businesspeople to operate in Angola were those of a logistical and personal nature, as the ports (marine or dry ports) and airports did not have capacity to deal with the amount of raw materials in circulation.

Another constraint pointed out by Samuel Jerónimo is the difficulty in finding qualified human resources, who are increasingly expensive, given the growth of the manufacturing sectors in Angola, which leads to excess demand from companies and a lack of available staff. (macauhub)