Angolan company invests US$60 million in metallurgical complex

28 March 2018

Algoa Cabinda Fabrication Services, Lda. has invested US$60 million in the construction of a metallurgical complex in the industrial park of Cabinda province to supply equipment and spare parts to the oil companies located in that region of Angola, the local press reported.

The project is located in an area of 20,000 square metres and in the future is expected to be extended to 60,000 square metres, with the aim of making it the largest industrial metallurgical complex in the country, according to daily newspaper Jornal de Angola.

The company’s managing director and founder, Dieter Rohrich, said at the opening ceremony of the venture, located on the outskirts of the Fútila Industrial Park, that the parts and other spare parts produced at the complex are in line with international oil industry standards.

The president of the Association of Industrialists of Angola (AIA), José Severino, noted the contribution of Algoa in the structuring of the oil industry and said that the company’s involvement in the Angolan market makes many oil sector companies’ activities easier. He added that there are a number of constraints on importing equipment and spare parts and from now on companies can use a local supplier who has the technology, capital and experience in manufacturing and supplying these materials.

According to the Algoa Cabinda Fabrication Services, Lda. website the company has been present in Angola since 1971, and its activity is focused on rendering services to companies and oil groups operating in the country, particularly in the province of Cabinda. (macauhub)