News archive

Tag: Gabon

Strong international demand for peeler quality okoume from Gabon

26-03-2018
Gabon, okoume

Prices of Gabon hardwood logs and sawnwood have largely been unchanged from last month with demand assessed as ‘moderate’. Demand comes largely from China, for belli, tali and other heavy species. Producers report very strong demand for good quality okoume peeler logs and slightly better demand for okoume sawnwood. Okoume log prices …

Delays in VAT refund and shipping woes undermines Rougier finances

26-03-2018
Rougier, French, Gabon

French timber company Rougier, which has businesses primarily in Gabon, Republic of Congo, Central African Republic and Cameroon, is said to be in a financial crisis. It is owed EUR8 million in VAT refund credit by Cameroon and another EUR7.6 million by the Republic of Congo and Gabon. There have also been problems shipping out of Douala Port …

Editor’s pickGabon woos Indian wood industry

19-04-2017
Gabon SEZ, India

Gabon SEZ. Image: Gabon SEZ Gabon’s newly-set up Special Economic Zone (SEZ) is reaching out to India’s wood-based industries to take advantage of the opportunities offered by the zone. Gabon SEZ is a public-private partnership between Olam International, the Republic of Gabon and the African Finance Corporation. Log supplies will be …

Gabon's veneer industry suffers over okoume shortage

06-03-2017
Gabon, ITTO, okoume

New veneer mills in Gabon are apparently facing a shortage of okoume logs. Heavy rains in the country have hampered logging and transport operations, pointing to poor market sentiment amongst mill owners, who are mostly from India. Gabon's economy has struggled, with no indication of the TVA (value added tax) refunds happening any time soon. …

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