Angola: Vidrul signs accord to triple output

Angolan glass manufacturer “VIDRUL” is to triple its output to 43 million bottles a year following the signing of a USD 16.2 million investment accord with a business consortium on 13 January 2006 in …

Angolan glass manufacturer “VIDRUL” is to triple its output to 43 million bottles a year following the signing of a USD 16.2 million investment accord with a business consortium on 13 January 2006 in Luanda. The firm currently produces 16 million bottles per annum. The wider aim of the contract is the stimulation of growth in the national economy, the reactivation and upgrading of Angola“s glass industry and the securing of an effective supply of goods to the domestic market. Under the accord, VIDRUL will also produce flasks, cups and ashtrays, seeking to reach about 42,000 tons of goods per year. Surplus output will be exported to Southern African countries. The project is expected to secure the supply of glass bottles to consumer firms, thus cutting the dependence on imports and creating 143 new jobs. The accord was signed by the chairwoman of VIDRUL“s management board, Maria do Carmo do Nascimento, and by Jean-Louis Von Haecht, representative of a business consortium formed by Angolan COBEL and French BGI and BIH. According to Maria do Carmo do Nascimento, VIDRUL has the capacity to provide jobs for nationals and needs this type of incentive to directly support the national economy. Jean Louis Von Haecht said his consortium was very satisfied to invest in Angola as the country represents a promising market in Southern Africa.