Mozambique: INSS wants to be part of LAM's shareholder structure - report
All photos: Governor of Maputo Province Júlio Parruque on Facebook
Stagnant for two decades, Vidreira de Moçambique finally looks set to reopen. The government has been looking for investors for years, but without result. In 2007, for example, the then National Director of Industry Sérgio Macamo told the Mozambican Information Agency that South African investors would resuscitate the bottle producer in 2008, but nothing happened.
But the revitalization of the industry is now finally underway, after the government entrusted the venture to Sonil Moçambique, a group of national investors.
On a recent visit to the colonial-era factory to monitor progress, Governor of Maputo Province Júlio Parruque learned that the new Mozambican investors need an injection of US$15 million to replace machinery and get the industry up and running by 2024.
Speaking to local television, director-general of Sonil Moçambique Abdula Tarmamade explained: “Right now, we are creating conditions for financing the purchase of new equipment, because what is here is obsolete. Then, buying the machinery, at a projected US$15 million. The prospective date for the factory coming back into production is 2024.”
The new Vidreira de Moçambique is expected to produce 50 tons of glass per day, Tamarmande said, supplying both the national market and other countries in the region.
In turn, Governor Parruque said that revitalising Vidreira de Moçambique was part of a process of reviving 43 stagnant industrial units in the country. “This industrial revitalisation aims to create jobs for young people and find a way to produce revenue for the state coffers,” he said.
As for the remaining 42 industries, Governor Parruque said that actions to mobilise investment for their rehabilitation were in hand.
By Evaristo Chilingue
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