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Alassolar exports its first cotton thread consignment to Portugal

Related Keywords: 000 through export, Alassol, Angolan textile company, based in municipality of Benguela, containing 156 toness, continue production, cotton thread to Portugal, entered into export business, exporting its first 15 containers, import raw material, invoiced US$500, lack of foreign currency in Angola, overcome, Portugal textile factories

Alassola an Angolan textile company based in the municipality of Benguela in Angola’s central coastal region has entered into export business by exporting its first 15 containers containing 156 toness of cotton thread to Portugal. The company has invoiced US$500,000 through the export of its first consignment recently, said company chairman Tambwe Mukaz. Such exports to Portugal textile factories will allow the company to overcome the lack of foreign currency in Angola and to import raw material and continue production.

ÁfricaTêxtil will be once again starting production under a new group

Related Keywords: Angolan textile company, rebuilding work, weave cotton

ÁfricaTêxtil, 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.

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