- A beverage-can making plant expected to have a capacity of producing 700 million cans annually will be built in Angola.
The Nampak project, which will be built in Viana, near the capital Luanda, will complete by the middle of 2009.
The company supplies approximately two-thirds of Angola's beverage-can market [estimated at 600 million units annually].
SABMiller Plc, the world's third largest brewer that holds the Coca-Cola license for Angola, is among the customers of Nampak.
The end of war has been a blessing for Angola where foreign investors are continuously scrambling for investment opportunities.
Several Spanish investors are currently in the country in search of business opportunities in fishing, infrastructure, telecommunications and energy.
Spanish private funding in Angola channelled into health, energy, machinery and equipment, totalled over US $1 billion in 2003.
In a separate development, Galp Energia of Portugal will soon forge a joint venture with Sonangol, Angolan oil company, for fuel distribution in Angola. Sonangalp is the name chosen for the joint venture.
Under the deal, the Portuguese company gains 65% of shares in Sonangalp after buying 16% of the capital from its Angolan partner.
Sonangalp sold over 65 million litters of lubricants and liquid petroleum gas.
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