Angolan company launches exports with sale of cotton thread to Portugal

10 October 2017

Angolan textile company Alassola has invoiced US$500,000 through the export of its first 15 containers to Portugal containing 156 tonnes of cotton thread, company chairman Tambwe Mukaz said recently.

The businessman said in Lobito that the sale of thread to Portuguese textile factories will allow the company to overcome the lack of foreign currency in Angola and to import raw material and guarantee continued production.

This export of textile products to Portugal, the first time this has happened in Angola since independence from the European nation, is due to be repeated within four weeks, with the shipment of more containers filled with thread.

Alassola is based in the municipality of Benguela, on Angola’s central coastal region, and it is based on the recovery of the former textile factoryÁfrica Têxtil, which was inaugurated in 1979 and which came to a standstill in 1998 and declared bankruptcy in 2000.

There followed a process of recovery, expansion and modernisation of the unit, which took five years with an investment of US$450 million.

The industrial unit is dedicated to the production of yarns, fabrics, towels, bed sheets and blankets, pillowcases, tablecloths, napkins and other similar products. It is built in a plot of 120,000 square metres and has a total construction area of 70,000 metres, employees 170 workers, five of whom are foreigners. (macauhub)