Maxam CPEA explodes into national economy
Updated: 2012-02-29 08:04
(China Daily)
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The 2002 merger of Maxam Corp International and CPEA of Angola has brought together local explosive materials expertise along with an infusion of global capital.
Maxam CPEA is playing a vital role in the growth of the Angolan economy. Infrastructure is needed, as well as repair work. Construction has picked up and mineral extraction is a key driver for the economy. These sectors have ensured there is a demand for civil explosive materials and detonation expertise.
The company offers two product lines: civil explosives and competitive hunting cartridges. They made substantial investments to provide customers with safer and more efficient explosive materials. Raw materials and initiating devices are still imported, but the explosives are manufactured locally.
The company is participating in the construction of a dam at Capanda and supplies explosives to the mining sector. They are involved with building the Lobito Canal where a Chinese company is carrying part of the project.
Meanwhile, the company is ready for a more competitive market. The administrator of Maxam, Carlos Aguincha, said, “We are preparing ourselves for competition and we can be a strong competitor.” They have the experience and wisdom of working in the Angolan market for many years.
In a spirit of expansion into all provinces, Maxam CPEA is building factories outside of Luanda, the capital city. “We already have a factory in Kicolo area, Luanda province and are about to open another in the Lobito area, Benguela province. We intend to go to other parts of the country,” said Aguincha.
Confident that the economy and the market for these products will grow next year, Aguincha points out the significance of automation and training processes that have been brought in during 2011.
He feels inspired to express his admiration for the Chinese companies he has been dealing with. He started working with them in 2005 and in 2006 he recognized they are tough negotiators but they honor their agreements.