Tensai Indústria has announced it plans to build a new factory to manufacture refrigeration equipment in Mozambique in 2013. The project is expected to cost 20 million euros.
Speaking to Portuguese news agency Lusa, the chairman of Tensai, João Preto, said that the new factory would be built on land provided by the Mozambican government, in the Matola Duty Free Area, in Maputo province and funded by Portuguese and Mozambican investors.
The factory, which is expected to be ready to start operating in 2014, is designed to supply all member countries of the Southern African Development Community (SADC).
Tensai Indústria, which has been based in Estarreja, northern Portugal, since 2010, recently invested 22.6 million euros in a factory that was the result of a merger between two factories located in Aveiro and Trofa.
The company, which in 2010 posted turnover of around 23.5 million euros, produces 1,200 refrigerators and other refrigeration equipment per day. (macauhub)