Portuguese company Biaut – Automação Industrial is negotiating with the São Tomé and Príncipe authorities to set up a chicken production unit with an annual capacity of 30 tonnes of meat, said the director of the subsidiary.
Pedro Garcia, director of Sistema Técnico do Comércio (STC), a company set up in São Tomé and Príncipe by Biaut – Automação Industrial, spent the weekend in the archipelago’s capital where he met with the Secretary of State for Commerce, Eugénio Graça, and with the Prime Minister, Jorge Bom Jesus.
At the end of the audience granted by the prime minister, the director of STC said that the project aims both to satisfy local consumption as well as export, with production in unit terms estimated at 1.6 million chickens per year.
Garcia also said that the initial planned investment of 18 million euros “is cost-effective,” according to an economic feasibility study, Portuguese news agency Lusa reported. (macauhub)