. | . |
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
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
|
|
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. |