ANGOLA – The Argentine multinational company Grupo Arcor, one of the world leaders in the confectionery, agri-food and packaging sector, is nearing completion of its US$45 million confectionery factory in Angola.
The project which is undertaken in partnership with Angolan distribution partner Webcor, will specialize in production of cookies, biscuits and chocolates.
It is expected to produce six thousand tons of products of different brands annually, serving both the local market and neighbouring countries of Congo, Namibia, Zambia and Botswana.
The ambassador of Argentina accredited to Angola, Alejandro Guillermo Vierdier, said that the implementation of Arcor’s first factory outside Latin America is of great relevance for the group, and should create 500 direct jobs.
The industrial unit is located in the Luanda / Bengo Special Economic Zone and is in an advanced stage of implementation, with its inauguration scheduled for November this year.
Arcor currently operates more than 40 production sites in Argentina, Brazil, Chile, Peru and Mexico, with a daily production volume that amounts to 3 million kilograms of different brands that are reportedly sold in more than 100 countries worldwide.
AP Foods partners with Webcor Group to increase pasta production, distribution
Webcor, a Swiss-based grocery distribution company with operations in the South African country recently partnered 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.
Ingredion partners with Grupo Arcor
In the global scene, Arcor has partnered with global ingredient solutions provider to the food and beverage industry Ingredion, to create a new food ingredients joint venture for the South America region.
The new company will specialize in the production of ingredients, with annual revenues of US$ 300 million, that will have operations in the local market, Chile and Uruguay.
Arcor and Ingredion will hold a 51% and 49% stake, respectively in the joint venture which will reportedly have a combined turnover of more than US$300 million.
Arcor will transfer its ingredient operations to the joint venture, which includes one manufacturing facility in Lules and two manufacturing facilities in the Industrial Complex Arroyito.
Ingredion, on the other hand, will transfer its Argentina, Chile and Uruguay operations to the JV, which includes two manufacturing facilities in the districts of Chacabuco and Baradero.
Liked this article? Subscribe to Food Business Africa News, our regular email newsletters with the latest news insights from Africa and the World’s food and agro industry. SUBSCRIBE HERE