Vidrul, an Angolan manufacturer of glass beverage containers controlled by French group Castel, is this year expected to double its turnover as beverage production increases in Angola, the company’s managing director, Carlos Martins said.
In a recent interview Martins said that the company planend to invest US$50 million over the next two years, specifically in installing a new kiln to increase production. This move follows a recent hike in customs tariffs on most imported drinks.
“The new customs tariffs are very important as they help the government to increase employment and make local producers stop importing bottles, which is obviously important for our business,” Martins said, adding that he had been surprised by the number of angolan companies that need beverage containers.
Vidrul was founded in 1956 and nationalised following Angola’s independence in 1975. In 1996 the company was bought by Cobel, a company owned by Lopo Fortunato Ferreira do Nascimento, Angola’s first Prime Minister, who in 2004 sold a 65 percent stake to the Castel group.
In 2013 the company produced 55,000 tons of glass and exported 22 percent of its to countries such as Senegal, Togo, Burkina Faso, Mali, the Ivory Coast and Niger.
The Castel group, was founded in Bordeaux, France, in 1949 and is now headquartered in Geneva, Switzerland. It is the France’s and Europe’s second-biggest wine producer and the second-largest producer of beer and soft drinks in Africa, according to its website. (macauhub)