29 August 2014

Angola: Cacuso Industrial Unit to Yield 18,000 Tons of Sugar Per Year

Luanda — The Agro-Industrial Unit of Cacuso, northern Malanje province, is expected to produce about 18, 000 tons of sugar/year, after its inauguration on October this year.

The managing director of Bioenergy Company of Angola (BIOCOM), Carlos Henriques Mathias announced the fact on Thursday.

The manager was speaking to journalists at the end of signing ceremony of investment contract with the National Agency for Private Investment (ANIP).

The said the deal is estimated at about USD 750 million (75 billion kwanzas) intended to develop the projects in agro-industrial sector.

He added that with the progress in the field of sugarcane plantation, Biocom foresees to produce 256,000 tonnes of sugar/year.

"The inauguration of the project is scheduled for October", he said, adding that the sector will continue to produce on experimental phase and power generation.

Carlos Henriques Mathias said the first accord of the project that will create over two thousand direct jobs was signed in 2008.

In his turn, the statistical and patrimonial manager of ANIP, Luís Domingos, stressed the importance to increase the investment in the country.

According to him, as a basic product, sugar will allow decrease the import and cover about 60% of its demand.

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