Portuguese group Valouro plans to produce soy for animal feed as well as raising poultry in Angola following an initial investment of 150 million euros said the chairman of Portugal’s leading poultry production group.
José António dos Santos said that the plan was to start in 2015 with production of 22,000 hectares of soy for animal feed and construction of units for poultry production, breeding and meat processing.
The initial investment, which is required for the group to achieve a 10 percent share of the Angolan poultry market, may rise to 1 billion euros over 10 years in order to meet the needs of the Angolan domestic market.
"Initially we will produce 350,000 to 400,000 birds for slaughter each week and 500,000 eggs for incubation per week," in Angola, dos Santos told Portuguese news agency Lusa.
The Valouro group, which is Portugal’s largest and one of the largest in Europe in the agro-food sector, ended 2013 with turnover of 307 million euros. It employs 2,500 people at its 36 companies animal feed and poultry sector companies.