New glass factory in Angola to supply over half the market

7 October 2009

Luanda, Angola, 7 Oct – The Kikolo Glass Factory (FVK) has the capacity to supply 60 to 70 percent of the Angolan glass market, the chief executive of Socinger – Sociedade Comercial, Investimentos Gerais said Monday in Luanda.

Speaking to Angolan news agency Angop on the sidelines of the inauguration of the factory, Alexandre Portugal said that although he had no actual figures on all the projects underway in the country, FVK was prepared to meet over 50 percent of national demand for its products.

In terms of the investment made to build the factory he said it was an initial amount of US$2.85 million in machinery alone and that once the project was concluded, at the end of next year, total investment would be US$14 million.

The project includes building other industries on the perimeter of the factory with buildings for offices and housing, storage areas for the final products, garages and other facilities, over a total area of at least 17,000 square metres.

Angola’s Industry Minister, Joaquim David said at the inauguration that the new factory filled a gap in the glass market, which was previously occupied by imports. (macauhub)