The factory acquired by Portuguese soft drinks company Sumol+Compal in the first quarter of the year in Mozambique is already operating, and sale of its products is due to being soon, according to a report from the company issued Friday.
In its outlook for the financial year, the board of Sumol+Compal noted it had already begun “production of juices, of the Gud [concentrate] brand, in Mozambique, at the industrial facility acquired in March and very soon we will begin the sales of products manufactured at that unit.”
It also said that “this phase of the project is expected to be concluded at the beginning of next year with the launch of a third production line for the Compal brand.”
Sumol+Compal, which in the first nine months of the year posted a drop in sales of 14.6 percent in Portugal and a rise in international sales of 5.1 percent, said it believed that, “in international markets Sumol+Compal is expected to continue growing, benefitting from favourable climates and the boost to its strategic focus on these markets.”
The group, which when it announced its plans to buy the unit in Mozambique on 24 February estimated that it would invest 8 million euros in the project’s first year, said that its investment between January and September totalled 10.2 million euros.
“Of this amount, most was used to expand capacity by investing in a new factory in Mozambique and the rest was for modernisation of equipment and facilities,” the statement said. (macauhub)