The Tecnotintas paint factory, part of Angola’s Savana group, is due to start operating in Huíla province this year, according to Angolan weekly newspaper Expansão.
The chairman of the group, Norberto Luís, said that five Brazilian technicians were in Angola to train up Angolan staff, for a period of two years.
Investment in the factory is estimated at US$500 million and is the result of a partnership between the Savana group and Brazilian businesspeople.
Construction of the factory ended in September 2012.
The group ended 2012 with estimated investments of US$15 million in nine projects in Huíla province.
One of the biggest investments made by the Savana group was in quarrying company Calcários da Huíla which produces and processes calcium carbonate, amongst other products, used as a raw material for paint production.
Tecnotintas had been due to open in 2012, but the need to train technicians led to delays. (macauhub)