The project will create 850 direct jobs, according to a statement sent to VerAngola.
"The project will result in the creation of 850 direct jobs, boosting local employability and providing training and development opportunities for workers," the statement said.
"Located in an area of 8900 square meters, close to the Port of Luanda, Refitec is positioned as a future industrial power, with the objective of transforming the cooking oils sector in Angola and guaranteeing a market share of over 50 percent," the note adds.
The inauguration of the aforementioned factory, according to Eduardo Barbosa, CFO of the Naval Group, "represents a fundamental milestone for the Angolan industrial sector and for the group's growth strategy".
The executive considered that they were betting on national production, contributing to the reduction of imports and strengthening the economy: "We are betting on national production, reducing dependence on imports and contributing to the strengthening of the country's economy", highlighted the group's CFO, who also reinforced the "social and economic impact of the project".
"This investment not only strengthens our position in the market, but also generates opportunities for hundreds of Angolans, promoting employment and sustainable development. Our commitment is to continue investing in strategic and high-impact sectors for Angola," he said.
With the opening of this manufacturing unit, the Naval Group says it reaffirms its "commitment to the country's food self-sufficiency and sustainable development, investing in a sector that is essential for economic growth".
"This investment will also contribute to improving the living conditions of local communities and strengthening the Angolan economy, promoting a value chain that will benefit producers, distributors and consumers," the note also points out.
