Two foreign companies are negotiating to revive rubber factory “Manufactura de Borracha” (Mabor) of Mozambique, which has been closed for over a decade, the President of Mozambique’s state stake-holding group Igepe said Thursday in Maputo.
Panguene Apolinario, who was speaking on the sidelines of the 19th Advisory Council of Igepe, declined to identify the companies, but said that one is from China and one from South Africa, according to Mozambican newspaper Notícias.
Before its closure, Mabor manufactured tyres that, in addition to being sold in the Mozambican market, were also exported to Europe and African countries.
The meeting of the Igepe Advisory Council was opened by Finance Minister Manuel Chang, for whom the State’s participation in companies is currently positive, although the report submitted showed a drop in revenue.
The Igepe Advisory Council meets once a year and is made up of members of the Board of Directors of the institution, Audit Committee members and delegates from ministries involved in the process of managing state holdings. (macauhub/MZ)