The installation of the Fula oil factory in Angola will involve an investment of 19.4 million dollars by the Sovena group, owner of the brand. The well-known brand of oil that has been manufactured in Portugal should start to be produced locally, and will generate 50 direct jobs and another 100 indirect jobs.
To be installed in Luanda, with a unit with a capacity for 45 million liters per year, the opening of the packaging factory marks the beginning of Sovena’s integration into the Angolan food production chain.
According to a note from Sovena, the new investment is considered an “important milestone in the group’s vision of creating an efficient and integral production chain locally”. In addition to the factory, the investor looks at other segments, aiming to create the production chain, and envisages a promising future, as all the conditions are in place. It is important to note that Sovena has a strong tradition of exporting soybean oil to Angola, either with the Fula brand, considered the market leader, or with other brands.