The Satec textile factory in the city of Dondo, in Angola’s Kwanza Norte province, is due to start operating in July, after a complete rebuild of its team, a process costing US$400 million, said the chairman of Angolan business group Mainhia Yeto, Matos Cardoso.
The company plans to export of fabrics to the Republic of Congo, the Democratic Republic of Congo and Mozambique and it plans continue to explore the possibility of entering the European and US markets, through preferential trade agreements in the latter case under the “African Growth and Opportunity Act (AGOA).”
Within the scope of the government programme to revive the country’s industrial sector, the reconstruction of the factory is the responsibility of the Ministry of Industry and is part of a grant from the Japanese government, valued at about US$1.15 billion, also for the recovery of Textang II, in Luanda, and África Têxtil in Benguela.
The Satec factory, whose operation was interrupted in the 1990s, has been fully refurbished, expanded and modernised with up-to-date equipment and will allow the creation of 2,000 direct jobs.
With areas for cotton spinning, weaving and finishing, the plant will contribute,alongside África Têxtil (Benguela) and Textang II (in Luanda), which have also been refurbished and modernised, to reduce imports of textile products.
The manufacturing facilities of Luanda and Dondo should eventually produce fabrics for making clothing, and the Benguela factory will initially produce 120,000 blankets, 1.6 million sheets and 12 million towels. (macauhub/AO)