Angolan paint factory Neuce considers expansion to neighbouring countries

25 October 2016

Angolan paint factory Neuce – Indústria de Tintas de Angola posted turnover of around US$20 million in the first half of the year, Angolan news agency Angop reported.

Domingos Pedro, the financial director of Neuce, said that the company’s priority has been to focus on the Angolan market, but explained that the company is studying the possibility of expanding into neighbouring markets.

The company’s financial director told Angop that Neuce produces 4.8 million litres of paints and derivatives, such as varnish and solvents.

The same official said that the company had signed an investment contract worth over US$2 million with the Technical Unit to Support Private Investment (UTAIP).

The contract includes increasing production of paint, solvents, coatings, products for waterproofing systems and thermal insulation. (macauhub)