Portuguese beer company Sociedade Central de Cervejas to invest in Angola and Cape Verde

28 March 2011

Lisbon, Portugal, 28 March – Portuguese company Sociedade Central de Cervejas (SCC) by June will have drawn up its internationalisation plan for Angola and Cape Verde, the chief executive of the company. Alberto da Ponte told newspaper Oje.

He said that by the end of the first half of the year the company would announce its local partners, the capital structure and investments.

Da Ponte also said that the future unit would produce string local brands, whilst SCC brands with strong sales in Angola, such as Sagres beer, would continue to be produced in Portugal and exported to Angola.

Alongside beers, he said that the unit would also produce soft drinks and would bottle mineral water.

In Cape Verde talks are underway with local commercial partners and the decision of whether to build a unit from scratch will be made by June, although the project will be of a smaller size than the one in Angola and appropriate for the level of current local consumption.

SCC, which has just launched its new image, in 2010 posted turnover of 433 million euros and for this year expects growth of 3 percent in consolidated terms and the impact of exports on the business will stand at around 15 percent.

The newspaper cited financial sources as saying that a factory built from scratch for a market that consumes around 700 million litres per year could cost between US$80 million and US$120 million. (macauhub)