Competition cuts Carbacid carbon dioxide sales 38pc
2 months ago, 2 Jan 13:03
Carbacid Investments #ticker:CARB is facing increased competition in its carbon dioxide business, a trend that has seen sales from that division drop 38.4 per cent from their peak. The Nairobi Securities Exchange-listed firm says it has lost market share to regional alcohol manufacturers who harness carbon dioxide as a byproduct of their production process. Carbacid, which also runs an investment division, says its sales of the gas stood at Sh589.3 million in the year ended July 2017. That repre ...
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