Angolan state group Sonangol to re-launch ship building company Lobinave

17 April 2013

Angolan state oil company, Sociedade Nacional de Combustíveis de Angola (Sonangol) plans to re-launch Lobinave, a company specialised in building medium-sized ships as well as ship maintenance and repair, the secretary of State for Industry, Kiala Gabriel said in Lobito.

The secretary of state noted that investments had not been made in the company for a long time to keep up with technical and technological developments, and that it why the State, via Sonangol, had decided to intervene and bring an end to the company’s South Korean management in order to make the investments needed for growth.

“We believe the situation will improve because this company is of great importance to the market due to its business and location,” he noted during a visit to the unit, according to Angolan news agency Angop.

Lobinave (formerly Estalnave) now has 350 workers, is located in Lobito bay between the port, the Secil cement plant and the Mining Port of Lobito, and may also serve the future oil refinery that is under construction in the same are in the north of Lobito. (macauhub)