RUBBER and chemicals specialists, GB Holdings, say volumes have declined as Covid-19-related business has gone down after the threat from the pandemic significantly receded over the last year.
In its inflation-adjusted financial statements for the year ended December 31, 2022, company chairman Godfrey Nhemachena said total turnover increased to $3 billion, representing a 53 percent rise from the prior year’s $2 billion. He attributed this to increased market consolidation and product mix.
“Overall volumes at 944 metric tonnes declined from the 1488 metric tonnes recorded in the prior year, which included 514 metric tonnes of Covid-19 related business. The company’s improved process efficiencies and strong technical partnerships cushioned it against the logistical constraints,” Nhemachen
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