GENERAL Beltings Holdings (GB) expects to increase its market consolidation on the back of logistical constraints caused by the Russia-Ukraine conflict, which is compelling its customers to replace imports with locally made products.
In a trading update for the quarter to March 31, 2022, the rubber, plastics and chemicals manufacturer said it would take advantage of the supply chain disruptions caused by the conflict to intensify market consolidation and meet local demand.
“The absence of a cessation in the Russia-Ukraine crisis and logistical delays will continue to disrupt the flow of materials into the sub-region. Therefore, local firms will be compelled to procure locally to avoid long lead times and working capital
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