Business

Cameroon – Forest: The turnover of French group Rougier drops by 8.5% during first half of 2016

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Written by Deckson N.

Rougier, the French logging company, saw its turnover (FCfa 52 billion) drop by 8.5% in Cameroon, during the first half of 2016. Quotidien de l’Economie, which just revealed this information, cites official sources.

This decrease, resulting from the sharp decline in activity noted during the 2nd quarter 2016 (drop of more than FCfa 3 billion in turnover compared to the same period in 2015), is the consequence of the drop in the demand on Asian markets, particularly China, the French logging group asserts.

Also present in Gabon and Congo, Rougier is among the biggest logging companies in Cameroon, with approximately 600,000 hectares of forest under management.

Aside from the logging operation, this group is currently putting the final touches, in partnership with the NGO WWF, to a project meant to structure the sale of some non-ligneous logging products (wild mango and Ndjansang), in order to contribute to increase the income of populations living next to the forests where it operates in the town of Mbang, Eastern Cameroon.

This project is a result of the Global Forest & Trade Network (GFTN), which is presented as “one of the main initiatives of WWF to promote good logging management and fair trade”.

Via BIC

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Deckson N.

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