Cuvango - Ten million euros is the amount that the Kirchmayer Investiments group, from Austria, will invest as from 2024 in the production of cereals and fruits, as well as in timber exploration, in the municipality of Cuvango, southern province of Huíla.
This is the company's first investment in Huíla and in agriculture. The group will produce corn, soybeans, vegetables and fruits, while for wood exploration the focus is on setting up a carpentry shop where it will manufacture formwork panels, beams of glue, pellets and charcoal.
When speaking about the project on Tuesday, in the municipality, after meeting with the local administrator, Luís Marcelo, businessman Kirchmayer Thomas, without revealing the exact date of the start of work, stated that it is an investment that is expected to guarantee 580 jobs direct and will boost the region's economy.
He stated that the industrial wood development project needs 500 thousand cubic meters/year of sustainable supply of round wood, while for mechanized agriculture it will be applied on five thousand hectares.
“It is necessary to acquire existing forests or larger plantations and also have the possibility of investing in new plantations for the sustainable supply of round wood over the next decade,” he declared.
On the occasion, the municipal administrator of Cuvango, Luís Marcelo Ndala, valued the interest in the municipality, which is open to any private investment, whether national or foreign, with the aim of promoting more jobs for youth and developing the local economy.
Located 356 kilometers east of Lubango, Cuvango has nine thousand 680 km², home to 103 thousand 262 people.
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