Sotecnisol, a Portuguese company operating in the construction, environmental and energy sectors, plans to increase its international presence by entering the Mozambican market in partnership with the Entreposto group, the Portuguese press reported.
The company’s entry into Mozambique will be by setting up Sotecnisol-Entreposto, a Mozambican company, owned 50/50 by Soctecnisol and the Entreposto group.
Mozambique will be the Portuguese company’s sixth international market and its third African market, as the company already operates in Algeria, Angola, Spain, Italy and Brazil.
International markets account for 10 percent of the company’s turnover, Sotecnisol said in a statement, adding that the company hopes to increase that to 30 percent in the short term. (macauhub)