Work to rebuild and modernise Angolan textile company África Têxtil, on the outskirts of the city of Benguela, is due to be finished within two years, the company’s managing director Paulino Caita said cited by Angolan news agency Angop.
Obsolete equipment is currently being removed a new fence built around the facility by around 200 workers from Japan, South Korea, China, and Angola. The work to rebuild the facility was awarded to Japanese company Marubeni and is expected to cost US$480 million.
The re-launch of África Têxtil, which is being funded by the Japanese government, will create 900 jobs, Paulino Caita said.
África Têxtil, which was launched in 1974, has been at a halt since 1998 and was declared bankrupt in 2000, although the events affecting the pre- and post-independence period in Angola, in 1975, led to the factory only starting work in April, 1977.
África Têxtil is part of a larger project that also covers Satec and Textang, and which plans to re-lunch Angola’s textile sector.
Textang is expected to start operating once again in August, 2013 and at that time spinning, weaving and dyeing and printing cotton fabric, and at a later date will launch clothes production, finishing and manufacturing.
The factory area, which covers 30,000 square metres, will be filled up with the latest Japanese machines and equipment, supplied by Toyota.
Marubeni, the Japanese company hired to carry out this project, has secured funding f US$1.15 billion to refurbish and modernise the three factories. (macauhub)