Login: Password:

AfricaBiz

Africa Business News

Africa Biz Construction and Business News

Danish Company to Build New Fertilizer Factory in Angola

December 6, 2017

Denmark-based Haldor Topsoe just disclosed it will be building a new fertilizer manufacturing facility in Angola.

The announcement was made in Luanda on December 4 by President and CEO of Haldor Topsoe announced on Monday in Luanda.

The new factory will be built in Soyo municipality, Zaire province with the capacity to produce two million tons of fertilizer per year.

The project is valued at two billion dollars, totally private and will be built in three years, according to the president of the group, Bjerne Clausen, who spoke to the press after an audience with the Angolan Head of State, João Lourenço.

The factory will create four thousand direct jobs and forty thousand indirect jobs.

Haldor Topsoe has already conducted a survey on the site where the factory will be built.

Between 2016 and 2017, the Angola’s import needs for fertilizers stood at 70,000 tons.

Copyright: http://www.africabiz.link