Portuguese meat products company Sicasal is preparing to transfer some of its production to Angola following a 50% drop in exports to the West African country, the company’s chairman said on Thursday in Luanda.
Alvaro Santos Silva, who is in Angola as part of a Portuguese business delegation that, together with the Minister of Agriculture, Luis Capoulas Santos, is visiting the country to strengthen institutional bilateral and business cooperation, also said that in 2015 the company exported 40 million euros’ worth of products to the Angolan market.
The chairman of Sicasal told Portuguese news agency Lusa the company had already invested US$10 million buying equipment and an area of 10,000 square metres in Viana, on the outskirts of Luanda, where it already employs about 60 people.
The company is initially considering importing raw materials from Portugal and later move on to raising livestock depending on availability of foreign currency in the market.
Sicasal mainly exports canned goods and frozen pork to Angola. (macauhub/AO/PT)