Korea’s Samsung involved in Angolan factory

Korea’s Samsung involved in Angolan factory
Published: 20 April 2006

A cement factory with an annual production capacity of 1.2Mt will be built in Sumbe, in Kwanza-Sul province, Angola will be financed by Korean electronics manufacturer Samsung, the manager responsible for the project, Marco Sassa told Angola news agency Angpop. According to Sassa, the project is expected to cost some US$400m. The first phase of construction is due to begin in August and the project is scheduled to be concluded in 2008. As well as the factory and equipment needed for it to operate a jetty in Sumbe to transport the merchandise from there and receive the necessary materials. This will be the first industrial project of its kind to be built in Kwanza-Sul.