ANGOLA – The Webcor Group, one of Angola’s leading players in the agricultural commodities and business line, has signed a partnership agreement with AP Foods to increase the production of pasta and widen distribution of the product in the country.
AP Foods is an Angolan milling company founded in 2016. It commenced operations with an installation of 20,000 tons/year pasta production plant.
It later boosted its capacity by 56,800 tons/year, which the partnership will leverage on, in addition to its technical skills.
Webcor Group will avail its logistical capacity to facilitate the sale and distribution of food products, reports Jornal de Angola.
“Particularly important moment, not only because it will contribute to the diversification of production and the generation of wealth in Angola, but also because it will enable the creation of more jobs, both direct and indirect in the sector. country.”Webcor Group/AP Foods
Webcor is a family group, owner of several companies specialized in sourcing, production and distribution of food and consumer products.
In business since 1978, the group has a workforce of around 3,000 people worldwide and a network with more than 120 points of sale in Africa.
It has a strong presence in the Angolan market, through the subsidiaries Angoalissar, Grandes Moagens de Angola, Lactiangol, Imex Indústria, among others.
The Administrations of both companies consider this to be a, “Particularly important moment, not only because it will contribute to the diversification of production and the generation of wealth in Angola, but also because it will enable the creation of more jobs, both direct and indirect in the sector. country.”
At the same time, the companies believe they will soon be recognized as producers and distributors of products of excellence and quality in the country.
The agreement is set to enable AP Foods to reach a production of 325,000 tons/year in 2022, as well as integrate a large part of the value chain and diversify its product offering.
Other than pasta production, AP Foods is involved in wheat flour milling with a production capacity of 300 metric tons per day.
As the two parties strive to boost local production, Angola spent US$86 million on the import of basic goods and other essential products in February.
Data from the National Directorate of External Trade (DNCE) indicate that the value corresponds to a rise of more than US$16 million, in comparison to the same period of 2020.
Bulk sugar and rice led the import intentions but also products used as raw material in the beverage industry and beyond were also included in the basic basket.
The report reveals that some products i.e., garlic, pasta, corn flour, wheat flour, among many others, recorded a “very sharp” reduction in their imports, as a result of the domestic production capacity responding to demand.
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