Proplastics forecasts improved Q4 volumes

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PLASTIC and pipes manufacturer, Proplastics Limited expects volumes to significantly recover in the fourth quarter thanks to increased plant capacity from newly installed machinery.

This comes after production volumes declined by five percent in the nine months to September 30, 2024 due to power outages that impacted factory efficiencies compared to the previous period.

Nationwide power outages adversely impacted production across industry with the World Bank estimating that Zimbabwe was losing 6,1 percent of gross domestic product annually due to energy shortages.

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