Spanish agri-food company, Pascual has commenced milk production in Angola with the aim of reaching a turnover of €100 million in five years in association with Refriango.
The partners aim to become the largest dairy company in the African country, where it says it holds a leading position in the yoghurt market.
Pascual and partner Refriango have set up an industrial complex in Angola, with the aim of changing the country's milk production model by achieving local self-sufficiency without depending on imports.
Other Projects
Pascual will produce and market a total of 19 SKUs in Angola, with the ambition of leading the dairy market in the country in the coming years .
Furthermore, Pascual is studying the feasibility of other projects to invest in in Angola as it sees potential for growth and development of the country's agri-food sector.
'Exceeded Expectations'
"Our presence in Angola for more than 25 years with our yoghurts has exceeded our own expectations. We are already leaders in this segment and we are determined to be the reference in dairy and to continue opening new lines of business," said Tomás Meléndez, Pascual's international director.
"We want to contribute not only to the economic development of Angola, but also to its social development. Our ambition is to ensure that the country is capable of self-sufficiency, without depending on imports, with nutritious products of the highest quality and generating employment throughout the region," he added.
Until now, Pascual's international presence has been based on an export strategy, with which it has achieved a presence in 60 countries, with a turnover of around €46.6 million, or 6% of its total business.
Read More: Pascual Unveils Sustainable Sugar Cane Caps
© 2023 European Supermarket Magazine – your source for the latest supply chain news. Article by Robert McHugh. Click subscribe to sign up to ESM: European Supermarket Magazine.
