Energy News  
WOOD PILE
African jobs at risk over French wood giant bankruptcy
by Staff Writers
Paris (AFP) March 6, 2018

French forestry and wood products group Rougier filed for bankruptcy on Tuesday, causing uncertainty for its nearly 3,000 employees in central Africa, a court source told AFP.

The 95-year-old company blamed major logistical problems at the port of Doula in Cameroon, as well as delays to tax refunds due from several Africa states which have caused cashflow difficulties.

The loss-making group manages over 2.3 million hectares (5.7 million hectares) of forests in Africa -- an area slightly bigger than Wales -- and runs seven factories on the continent, with employees in Gabon, Cameroon, the Republic of Congo and the Central African Republic.

Commenting Tuesday, Rougier said that problems at the Doula port had worsened in the second half of 2017 which had led to a sharp increase in the volume of stocks blocked in the export hub on the Wouri river.

The group criticised the inaction of the Cameroon government, saying the port "has not been targeted for investment and has silted up considerably, which is a problem for ships trying to get to the quayside to pick up containers for export."

The group reported sales of 149.4 million euros ($185.2 million) for 2016, a fall of 7.5 percent, and said it was owed 15.6 million euros in VAT tax refunds from Cameroon, Congo and Gabon.

A bankruptcy court in the French city of Poitiers will decide on March 13 whether to order the liquidation of the company or appoint an administrator to try to turn the company around.

emc-ban-ngu/adp/js/jh

ROUGIER


Related Links
Forestry News - Global and Local News, Science and Application


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


WOOD PILE
Beetles face extinction due to loss of old trees
Paris (AFP) March 5, 2018
Nearly a fifth of Europe's wood beetle species face extinction because the old, decaying trees they depend on have been cleared from forests, scientists warned Monday. Many saproxylic - literally, "dead wood" - beetles could disappear if remaining old-growth trees are not allowed to decline naturally, according to a report by the International Union for Conservation of Nature (IUCN), which maintains the Red List of endangered animals and plants worldwide. Eighteen percent of the 700 beetle spe ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

WOOD PILE
Study discovers South African wildfires create climate cooling

NASA space laser completes 2,000-mile road trip

New data helps explain recent fluctuations in Earth's magnetic field

NASA joins international science team in exploring auroral cusp from Norway

WOOD PILE
Why Russia is one step ahead of US Army's plans for future GPS

Europe claims 100 million users for Galileo satnav system

Airbus selected by ESA for EGNOS V3 program

Pentagon probes fitness-app use after map shows sensitive sites

WOOD PILE
Beetles face extinction due to loss of old trees

Tropical forest response to drought depends on age

Honduras energy executive arrested over activist murder

Geological change confirmed as factor behind extensive diversity in tropical rainforests

WOOD PILE
Malaysia to press EU on planned palm oil ban in biofuels

Digestive ability of ancient insects could boost biofuel development

New tool tells bioengineers when to build microbial teams

Pausing evolution makes bioproduction of chemicals affordable and efficient

WOOD PILE
Materials 'sandwich' breaks barrier for solar cell efficiency

Solar and wind power could meet four-fifths of US electricity demand

Solar-to-hydrogen conversion: Nanostructuring increases efficiency of metal-free photocatalysts by factor 11

Aqueous storage device needs only 20 seconds to go

WOOD PILE
First UK wind farm transfers from commercial to community ownership

A huge component of German wind farm has left shore

Windlab exceeds prospectus forecast; scales up operations

World's first floating wind farm put to the test

WOOD PILE
Michigan utility company to go zero coal

Australia won't fund mega Adani mine rail link

New York unveils plans for fossil fuel divestment

French energy company EDF to replace coal in China

WOOD PILE
China signals hardened stance on Hong Kong, Taiwan

US journalists fear China detained their families

Historic meeting lauds lifetime power for Xi

Tibetans greet new year with giant Buddhas, dancing and lamb carcasses









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.