Page "Economy of Gabon" Paragraph 8
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Gabon ’ s industry is centered on petroleum, manganese mining, and timber processing.
Most industrial establishments are located near Libreville and Port-Gentil.
Virtually all industrial enterprises were established with government subsidies in the oil boom years of the 1970s.
Timber-related concerns include five veneer plants and a large 50-year-old plywood factory in Port-Gentil, along with two other small plywood factories.
Other industries include textile plants, cement factories, chemical plants, breweries, shipyards, and cigarette factories.
Gabonese manufacturing is highly dependent on foreign inputs, and import costs rose significantly in 1994 when the CFA franc was devalued.
Increased costs and oversized capacity have made the manufacturing sector less competitive and it mainly supplies the domestic market.
The government has taken steps to privatize parastatal enterprises.
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