The state-owned company Sonangol, as one of the main shareholders (40 percent), plans to structure its subsidiary, Porto Amboim Estaleiros Navais, Limitada (PAENAL) to increase turnover, based on a new business model adapted to current and future challenges of the group’s market.
According to So-nangol, in a press release, this Monday 3rd April, the revitalization will make Paenal once again included in the “set of active units” and increase its turnover.
For the implementation of these measures, Sonangol is working with its partners on a profound change that could involve changing the corporate structure and defining a new operating model, which leads to considering, for this purpose, the possibility of carrying out a international contest.
Paenal is a manufacturing and integration shipyard that started operating in 2007 and has already built complex facilities for the country’s oil and gas industry.
