The Angolan factory of Portuguese beverage group Sumol+Compal is expected to start before the end of 2015, the group’s director of personnel, communications and sustainability told Portuguese newspaper Diário Económico.
José Paulo Machado noted the importance of the opening of the factory in Angola, a country where the group intends to continue to sell its brands, given that the Angolan government is preparing to impose import quotas on some products, including drinks.
He stressed that the unit, which will be in Kwanza Norte province, will be of “a similar size to the factory in Pombal, Portugal” and added that initially equipment would be installed to produce juices and for soft drinks only at a later date.
In 2014, Angola-registered company Sumol+Compal Angola signed an addendum to the investment agreement with Angola’s National private Investment Agency (ANIP) increasing the size of the factory and the initial investment of around US$23 million to US$51 million.
Sumol+Compal also plans to increase its exports to other countries in Africa, a continent that is considered strategic to business growth.
The personnel director also said that in 2014 foreign sales grew 2.2 percent to 88.4 million euros, which contributed to the rise in profit to 11.9 million euros, more than double the amount recorded in 2013. (macauhub/AO/PT)