According to the company's director, Ricardo Rocha, the investment will reinforce the production capacity of Sika's five lines.
The director, cited by Jornal de Angola, said the reinforcement aims to produce 100 tons of products per day (such as cement glue, mortar and reinforced concrete).
Ricardo Rocha admitted, however, that the company had been affected by the covid-19 pandemic. Sika Angola has lost around 70 percent of its business, corresponding to around 500,000 dollar per month, he said.
The pandemic forced the company to halve its production. Ricardo Rocha also said that preventive measures had put the factory on half-empty gas and that 23 workers had to be laid off - out of 45 employees only 22 remained active.
However, the director noted that the company was adapting to this new reality: "We are ready to work at 50 percent, providing products to prevent the spread of covid-19 in Angola.
Sika Angola supplies materials to several manufacturers in the country. It consists of a warehouse and a factory and has a turnover of about 8 million dollars per year. The Angolan headquarters is controlled by the Swiss group Sika, which specializes in the production of chemicals in the areas of construction and industry.