Angolan company Angostone seeks to diversify export markets

8 May 2015

Angolan ornamental stone quarrying company Angostone has invested over US$55 million in the last 15 years on purchasing equipment for its quarries and on opening two concrete production plants, the company’s chairman said in the city of Lubango.

Carlos Alberto Gonçalves added that the investment was also used to acquire power generators, transport, working equipment for workers operating in its eight quarries, located in the provinces of Huila, Namibe and Cunene.

He said that in this period Angostone also managed open in Lubango and Namibe two concrete production plants, which have been supplying concrete to construction companies conducting, mainly public, works in the region.

Even with the investments made, Carlos Alberto Gonçalves told Angolan news agency Angop that the company was producing only 4,000 cubic metres of granite per month, against the previous 12,000 cubic metres, due to a weak output to its two main markets, Europe and Asia.

Focusing its activity on Angola Classic, Silver, Gold, Oklahoma and Blue Marron granites, the board of Angostone is initiating contacts in Vietnam, Poland, Brazil and Indonesia with a view to exporting Angolan granite to these countries, as the European market (Portugal, Spain and Italy) is currently of little interest due to low trading prices.

Angostone was established in 2000 and explores granite in the provinces of Huila, Namibe and Cunene, and is also present in Brazil and Portugal. (macauhub/AO/BR/PT)