Portuguese group Sumol+Compal due to start building drinks factory in Angola this year

8 April 2013

Portuguese soft drinks group Sumol+Compal is due this year to start building a factory in Angola, a project that has been on hold in the company’s investment portfolio, the group said in a statement published by Portuguese stock market regulator CMVM.

In the statement, which also announced the company’s results for 2012, Sumol+Compal said that “the project for construction of an industrial unit in Angola is expected to go into the execution phase in 2013,” and in this market the company is expected to return to strong growth.

In relation to Mozambique, Sumol+Compal noted that the start of local production of the Compal and Gud brands will drive an expected substantial increase in sales in the country, as well as the start of sales to other countries in the Southern African Development Community (SADC).”

Sumol+Compal said that the contribution of international markets, especially African ones, was this year expected to make up for an expected downturn in sales in Portugal.

The group ended 2012 with profit of 900,000 euros, compared to 4.2 million euros in 2011. (macauhub)