Cimgabon cement output up 53% in 1Q19

Cimgabon cement output up 53% in 1Q19
19 July 2019

Cimgabon’s cement production surged by 52.5 per cent to 112,349t in the first quarter of 2019 when compared with the 1Q18, when it produced 73,633, according to Directinfosgabon.

The rise in output is attributed to more efficient use of production equipment and the resumption of cement production since July 2018.

Cement sales increased 49.7 per cent YoY to 112,712 in the 1Q19 as domestic demand was robust. The value of sales rose 57.4 per cent YoY to XAF8.4bn (US$14.4m).

Published under Cement News

Tagged Under: Gabon production sales Cimgabon