Maputo, Mozambique, 9 Aug – Olam Moçambique plans to invest US$50 million in modernising the equipment at its cotton processing factory in Ribáuè district in Mozambique’s Nampula province, said the delegate for the northern region of the Mozambican Cotton Institute, António Alberto.
Cited by Mozambican daily newspaper Notícias, Alberto said that the acquisition of modern equipment for processing raw cotton by Olam Moçambique was happening at a time when the challenges of the cotton sector were increasing due to the international market, which is increasingly demanding about the quality of the fibres.
The challenges are also related to expected growth of production, which is set to rise from 18,000 tons last year to 25,000 tons in this agricultural season which, Alberto said, “is going in a satisfactory way.”
Alberto also said that modernisation of the equipment at Olam Moçambique’s factory was required because the company had acquired 5,000 tons of raw cotton from its concession, which includes the districts of Ribáuè, Lalaua and Murrupula, beginning in October of last year and ending in May of this year. (macauhub)