Woodbois says Gabon facility running at record levels

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Woodbois Limited (LON:WBI), the Africa-based sustainable forestry and timber group, said daily sawn timber production has risen strongly this year.

Average daily sawn timber production to date in January was 60 cubic metres or more than a 100% increase on average daily production during 2020 while average daily veneer production was 18 cubic metes, a 16% rise over 2020.

New management at the site in Mouila helped boost production said Woodbois, which noted that the Primultini sawmill line remains on track for completion within the current quarter.

The AIM-listed group added that it had also strengthened its management team with new hires for its shipping activities and R&D function.

In an update statement Paul Dolan, the company’s executive chairman, said: “Woodbois has made a strong start to the year at both of its production facilities in Gabon.  In recent days, we have achieved record levels of sawn timber production

“This significant increase in output is largely due to the improved maintenance and working processes initiated by the new management team in Mouila.”

Timber production should rise further as the new sawmill comes online, Dolan added.

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