Angola’s Technical Unit for Private Investment has approved the establishment of a plant to produce, package and distribute juice, water and wines, not only to the local market in Luanda but also to nearby provinces.
Called Grupo Sun Ocean, it is a joint venture between: Sun Ocean Holdings, an Angolan supplier of beverage and juice raw materials; Envasadora de Bata, based in Equatorial Guinea and specializing in the construction and operation of beverage production and packaging plants; and QG African Infrastructure, a private equity investment vehicle managed by Quantum Global.
‘This approval provides a green light for the project’s financial model and feasibility assessment,’ said Martin Bachmann, Quantum Global Group’s head of active management. ‘Once fully operational, the target annual output is 80 million liters, plus job creation for over 400 employees.’
He added: ‘Quantum Global is excited to be investing in a sector which will contribute greatly to Angola’s drink and beverage sector as well as the diversification of the Angolan economy.’