Sumol+Compal, a Portugal-based beverage firm, has inked an agreement with Angola’s National Private Investment Agency for the development of a new juice, nectar and soft drink production plant in the country.
The company has set aside €22m for the construction and operation of the plant, along with marketing and distribution in Cuanza Norte province.
This move is expected to create around 100 new jobs and the new plant will manufacture a line of juices and nectars, the company said.
The investment will be financed by equity capital and will be managed by a company eventually incorporated under Angolan law.
Founded in 2009, Sumol+Compal manufactures a wide range of soft drinks and waters, as well as the 100% natural Tagus beer.
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