Ver Angola

Industry

Textang II bets on cotton production

The Texang II textile factory wants to reinforce the production of cotton in the country and, for that, invested in the creation of a production chain of this raw material. It is estimated that the manufacturing unit will start production by March this year.

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"Our goal is to put this plant in full production from now on, that is, until the month of March," said Jorge Amaral, president of the Board of Directors of IEP - a national company that won the public tender for the management of Textang II in September last year.

Quoted by Jornal de Angola, the responsible revealed, this Wednesday, during the ceremony of delivery of the keys of the factory by the Institute of Asset Management and State (IGAPE), that the company has already invested 15 million dollars to launch the cotton market in the country again.

He also emphasized that the company intends to continue investing in this branch, as he considers it crucial that cotton be produced in the country.

Jorge Amaral admitted that Angola has potential to become self-sufficient in terms of production and export of this raw material, but indicated that this reality should only be possible in a time horizon of three years.

Textang II is capable of employing 700 workers, but for now it will start operations with only 370 employees. The remaining job vacancies should be filled as the plant grows.

At the key delivery ceremony, Divaldo Oliveira, IGAPE's technician, made it known that the IEP will pay the state 845 million kwanzas of income per year. The company will have the opportunity to buy the factory at the end of the management contract, which is valid for eight years.