Tokyo, Japan, 10 Feb – Japan’s Marubeni Corporation has received an order from the Angolan government for construction of a factory to produce sugar and ethanol worth US$650 million, the Japanese group said in Tokyo.
The factory will be built in Cunene province, southern Angola, and will have a production capacity of 400,000 tons of sugar and 40 million litres of ethanol.
The production capacity of the factory will cover most of Angola’s demand for sugar, which is currently entirely met by imports.
The order is the second big contract awarded by the Angolan government to the Marubeni Corporation, and the first, worth US$1 billion, is for the refurbishment of three textile factories.
The Marubeni group will build the factory, which will be a “turnkey” project, and will be responsible for designing it, acquiring all the materials, civil engineering, acquisition and installation of equipment and operating tests.
Founded in 1858 as a commercial company, the Marubeni continued with this part of its business in several sectors and later expanded its business to energy and infrastructure projects, industrial machinery, finance, logistics, information technologies, real estate and construction. (macauhub)