Angolan group Prebuild to invest in Brazil’s industrial sector

13 January 2011

Maceió, Brazil, 13 Jan – Angolan group Prebuild plans to invest US$400 million in building a factory for pre-fabricated components in the Brazilian state of Alagoas, online newspaper África 21 reported.

The chairman of Prebuild, João Leão, presented the project to state governor Teotónio Vilela Filho. The factory will cover an area of 650,000 square metres and create 3,000 new direct jobs and 1,000 indirect jobs.

The choice of the state of Alagoas took into account the fact that there was an industrial development chain in place, a good geographical location, a shortage of housing and government support, said Leão in his meeting with the state authorities.

Prebuild started out in the pre-fabricated component sector in Angola in 2001. Withe development of the Angolan construction market, the company saw rapid growth, leading to the creation of partnerships and taking stakes in several companies specialised in areas as diverse as aluminium, glass, electrical networks, concrete and partitions.

In 2008 the group was set up and does business in the construction, industry and services sectors in Angola and Portugal.

The Prebuild group includes 26 companies, of which 14 operate in Angola and 12 in Portugal, and exports to over 50 countries, and in 2010 it posted turnover of US$450 million. (macauhub)