ÃfricaTÃªxtil, an Angolan textile firm in Benguela, which filed for bankruptcy in 2000 is undergoing rebuilding and modernization work will be once again starting production on completion of its rebuilding and modernization work under a private group Alasola.
The work to rebuild the facility has been given to Japanese company Marubeni which began in March 2012. It is expected to involve cost to the tune of US$480 million, funded by the Japan International Cooperation Bank. The work will be completed by August.
Latest Japanese machinery and equipments will be installed by Toyota at the unit which will weave around 11,000 tons of cotton annually. The textile unit will have an annual production capacity of 12 million towelling items, 1.6 million sheets and 120,00 cotton blankets.
Ãfrica TÃªxtil is part of a larger project that also covers Satec (Dondo) and Textang II (Luanda) factories, and which plans to re-launch Angolaâ€™s textile sector will create 1,200 direct jobs.
With the completion of rebuilding and modernisation work, the management of ÃfricaTÃªxtil will be hand over the company to a private group Alasola.
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