An international consortium has been granted permission to set up a beverage plant in Angola, manufacturing and packaging wine, water and juice, according to Jornal de Negocios.
The factory, located in the vicinity of Luanda, will employ more than 400 workers and produce 80 million litres of beverages per year. Investment in the project is estimated at around $53.2 million (€45.2 million).
The consortium consists of Angolan company Sun Ocean Holding, Envasadora de Bata (Embasa) from Equatorial Guinea, and the financier QG African Infrastructure 1 LP.
The group says that the new facility will occupy 'a unique position in the beverage market in Angola', describing it as a country that 'has shown significant progress in increasing wealth, macroeconomic stability and economic diversification in recent years'.
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Branislav Pekic. Click subscribe to sign up to ESM: The European Supermarket Magazine
