Luanda, Angola, 1 Feb – The Vinelo factory, in the Angolan city of Dondo will be refurbished by a consortium made up of an Italian company and Angolan companies, according to state-owned newspaper Jornal de Angola.
Valentim Vertua, the representative of the Italian company, said that the factory would re-launch production at the end of the year when it would once again start supplying the products in which it specialised – wine, liqueurs, canned fruit and vegetables.
The refurbishment of the Vinelo factory is expected ot cost 196 million euros, 40 million of which are to be used to install solar panels to produce up to 2,000 megawatts of electricity, with whatever is left over being sent to the province’s electricity grid.
After the factory starts operating, two further stages of financing will be implemented, which will involve 65 million euros to increase production with a view to launching exports to African and other international markets.
Jornal de Angola reported that refurbishment work on teh factory would also involve all the agricultural properties that supplied it, and in the first three years between 60,000 and 80,000 hectares would be explored, and later between 150,000 and 200,000 hectares in Kwanza Norte province.
The Vinelo factory started operating in 1973, came to a halt in 1992 due to the civil war and an attempt was made to re-launch production in 2002 by the Mello Xavier group which came to an end three years later. (macauhub)