Portuguese company promises to invest 18 million in chicken production
The Portuguese company Biaut is negotiating with the Sao Tome and Principe authorities the installation of a production unit valued at 18 million euros, capable of producing 30 tonnes of chicken per year.
“As soon as we have the green light from the government, two years from now we will start eating chickens produced in São Tomé and Príncipe,” said Pedro Garcia, director of the Technical Trading System (STC) take it by Biaut.
Pedro Garcia visited the Sao Tome capital this weekend where he met with the Secretary of State for Commerce, Eugénio Graça, and with Prime Minister Jorge Bom Jesus.
“We also aim at exporting, the purpose of this chicken production unit is to not only produce for the Sao Tome need but also have a production capacity for export,” predicting an annual output of 1.6 million chickens, said Pedro Garcia, at the end of the hearing with the chief executive.
“We are talking about an investment in the order of 18 million euros in which our objective is not only to produce food but also to make the socio-economic position of the country can be transformed,” he explained.
The promoter assured that his company has already made viability studies of the Sao Tome market, concluding that the investment is profitable, starting with the production of 25 thousand chickens only eight weeks after “the company opens the door“.
“A socio-economic and financial study has been done, it is a feasible project, it is a necessity that exists in São Tomé and Príncipe,” he said.