Portuguese group Sumol+Compal will start producing Compal juices in Angola in the third quarter and the Sumol soft drink at the end of the year, at a factory it is converting on the outskirts of Luanda, the group said in a statement to the market.
The Portuguese company invested 9.3 million euros between January and March, most of which on the new factory and packaging of juices and soft drinks in Angola, which is the group’s main customer outside Portugal.
“Work to convert the Bom Jesus industrial unit on the outskirts of Luanda, is progressing according to plan and local production of Compal it is expected to start in the third quarter of this year and Sumol later this year,” said the statement filed by Sumol+Compal with the Portuguese stock market regulator, CMVM.
At the end of 2014, Copagef, a Castel group company, owned by French investors and a shareholder of Angolan beer Cuca, bought a 49.9 percent stake in Sumol+Compal Marcas for 88.2 million euros.
Castel is one of the world’s largest producers of beer and soft drinks and the second largest in Africa (it has a large share in Companhia de União de Cervejas de Angola, which owns Cuca) and, with its new shareholder, the Portuguese company plans to expand business in this continent. (macauhub/AO/PT)