Huambo, Angola, 3 May – Portuguese-Angolan business group Agotec Friday laid the first stone for construction of a metal mechanics unit funded by the National Institute for Private Investment (ANIP), Angolan news agency Angop reported.
Construction work on the facility, which will be built between the cities of Huambo and Caála, is due to be concluded next November, will cover an area of three hectares and represent an investment of US$6.2 million, according to shareholder Eduardo Jorge Marques Andrade.
The Agotec group is a partnership of Portuguese company Agovi and Angolan companies Jaime Menezes and Tecno-Eléctrica and will focus on transforming copper and iron for various applications, particularly manufacturing turbines for hydroelectric facilities and pavilions with metallic structures.
At the event the provincial director for Industry of Huambo, Manuel Chieque, said that there were currently 149 industrial units in Huambo, owned by micro, small and medium-sized companies. (macauhub)