Angolan company Coreangol invests US$3 million in granite processing unit

20 September 2011

Mbanza Congo, Angola, 20 Sept – Angolan company Coreangol, owned by both Angolan and South Korean investors, has invested US$3 million in building an industrial unit for processing granite in the Nzeto municipal area, in Angola’s Zaire province, said the company’s production director, Pei Wen Hua.

The director told Angolan news agency Angop that the factory had started operating in January of this year and had capacity to process 6,000 cubic metres of granite into polished tiles and other products, in black, green and pink, from the ornamental rocks quarried at the same location.

The facility, which covers an area of 300 hectares, is the result of a public-private partnership and employs 87 Angolans and 32 Chinese.

Also according to Pei Wen Hua, in the next four months production is set to double once a second production line of the same capacity as the first starts operating.

Sales director Lee Myung, said that the products were sold into homes through orders and noted that the biggest market had, so far, been Luanda.

However, he said that contacts were being made with European and Asian companies (Spain, China and Korea) interested in buying the finished products and the ornamental rocks produced at the factory. (macauhub)