Portuguese paint company to double production in Angola

17 May 2010

Porto, Portugal, 17 May – Portugal’s Barbot paint company plans to double production in Angola 18 months after beginning operations in that country and is studying the construction of factories in Mozambique and Morocco, company president Carlos Barbot said in Porto.

The decision to enlarge the facilities in Angola to double production was made because the factory is already working with two shifts, including Saturday mornings, Barbot told Portuguese news agency Lusa.

“It’s worth producing in Africa”, he said, adding that the company is “looking at other places”, which “may be Mozambique or another Portuguese-speaking country”.

Barbot announced a change in the expansion strategy for Angola, with the decision not to build a factory from the ground up due “to extremely high prices”. An industrial building bigger than the current one will be leased instead, which should allow us “to go ahead with other projects that allow entry in other markets,” he added.

“I changed the way of thinking about how a Portuguese company should behave abroad. We said that when things went well we would buy some land and build a factory, but we realised that while that’s a good option in Portugal, it’s not as good in Angola,” he said.

In the Angolan market Barbot maintains the policy of having own shops in the capital, where the company counts four. He anticipated that billing would rise by 60 percent and forecasted that the company would close 2010 with “a turnover of between US$5 and 6 million”.

“In the first four months we grew 80 percent. Last year we did US$3.5 million and this year we’ll do between US$5 and 6 million,” he added. (macauhub)