{"id":75377,"date":"2018-03-15T08:44:26","date_gmt":"2018-03-15T08:44:26","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/rougier-is-given-the-permission-to-restructure-business-in-africa\/"},"modified":"2025-09-19T08:47:44","modified_gmt":"2025-09-19T08:47:44","slug":"rougier-is-given-the-permission-to-restructure-business-in-africa","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/rougier-is-given-the-permission-to-restructure-business-in-africa\/","title":{"rendered":"Rougier is given the permission to restructure business in Africa"},"content":{"rendered":"
\n

French tropical wood specialist Rougier has gained court permission for restructuring measures after filing for insolvency protection.<\/em><\/p>\n<\/div>\n

The group filed for court protection this month after suffering persistent difficulties in Cameroon, where a chronic backlog at the port of Douala has caused significant operational disruption for subsidiaries in Cameroon, Congo and the Central African Republic.<\/p>\n

The situation has led to persistent cash flow pressures, exacerbated by the delays with VAT credit reimbursements for the operational African subsidiaries.<\/p>\n

Its application for protection was granted by Poitiers Commercial Court on Monday. Restructuring measures are to be implemented for the Rougier Afrique International business.<\/p>\n

Rougier had been in talks with its main creditors about the situation and was supported in seeking insolvency protection. The Rougier Afrique International operation has more than two million hectares of forest concessions, several processing facilities and is a major trader in logs, sawn timber, processed products and plywood, shipping to countries all around the world.<\/p>","protected":false},"excerpt":{"rendered":"

French tropical wood specialist Rougier has gained court permission for restructuring measures after filing for insolvency protection. The group filed for court protection this month after suffering persistent difficulties in Cameroon, where a chronic backlog at the port of Douala … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":59413,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4713],"tags":[3488,3284,3469,3462,3429],"class_list":["post-75377","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-companies-in-the-timber-industry","tag-cameroon","tag-logs","tag-rougier","tag-sawnwood","tag-wood-products","topic-forestry","topic-sawmilling","area-africa","area-europe"],"acf":[],"yoast_head":"\nRougier is given the permission to restructure business in Africa<\/title>\n<meta name=\"description\" content=\"French tropical wood specialist Rougier has gained court permission for restructuring measures after 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