Portuguese company Viriato to build furniture factory in Angola

13 October 2009

Lisbon, Portugal, 13 Oct – Viriato Hotel Concept, a furniture and interior design for hotels company, which Saturday opened an exhibition area in Luanda, plans to build a factory in Angola, the company’s chairman said in Lisbon.

“We are going to move into industry. We already have our project and we are considering the best location for the factory,” António Rocha told Portuguese news agency Lusa.

In partnership with HM Veloso Angola, Rocha set up Viriato-África Hotel Concept, an Angolan company, which will start construction of a factory representing an investment of around 8 million euros.

Viriato started out as a furniture factory but in the 1980s, rising to the challenges of France’s Bouygues to produce furniture for hotels, the door to the hotel market was opened which led the second generation to diversify business to interior design for hotels.

For some years furniture production was based in Portugal, but growth in the number of hotel customers along with the first signs of a crisis in the furniture industry led the Paredes-based company to focus on that niche market.

According to Viriato’s chairman, at the moment turn-key projects, with greater added value, account for around 20 percent of the company’s business. In 2008 Viriato posted turnover of 25 million euros.

Since it started focusing on the hotel market, Viriato has decorated and equipped hundreds of medium to high class hotels in Sweden, France, Spain, Saudi Arabia, Cape Verde and Tahiti, and its customer list includes chains such as Le Meridien, Hilton, Sheraton, Ritz and Ramada. (macauhub)