Tropical woods: Rougier in safeguard procedure

The holding of the French tropical timber merchant, Rougier SA, was placed on Monday in safeguard procedure, while its Africa International branch, which employs in Africa most of the group's 3,000 employees, was placed in bankruptcy , in accordance with its requests.

The commercial court of Poitiers fixed on May 18 a hearing on the maintenance of a period of observation for Rougier Afrique International (RAI), in cessation of payment, on the basis of a report of the court administrators establishing whether the group has the financial capacity to continue its activity.

At the same hearing in May, the court will examine the fate of Rougier SA, in order to decide on the renewal of the observation period, the end of the plan, the pronouncement of the recovery or the liquidation, on the basis of of the list of creditors, debts, contracts collected by then by proxy and judicial administrator.

In the meantime, the leaders of Rougier SA must submit a draft plan 15 days before the hearing if there is a Serious possibility of being saved

The court first set out on March 12, 2019 the end of the observation period, for the safeguard proceedings, as for the judicial reorganization.

At the end On March 9, Francis Rougier, the director general of the group and grandson of the founder, was cautiously optimistic, saying that the group was going to "endure" but reduce "its scope". He had, in the commercial court, requested a procedure of safeguard for Rougier and a judicial recovery for RAI.

The Rougier group, after the bankruptcy of its branch Africa International early March, had explained "to face persistent difficulties in Cameroon ", evoking" chronic engorgement "of the port of Douala – because of its silting – which" deeply disrupted the activities of the Cameroonian, Congolese and Central African subsidiaries. "

" This situation has caused persistent cash-flow tensions, accentuated by the delay in repayments of VAT credits from African operating subsidiaries. "

The trader employs 3,000 people worldwide, including 2,900 in Africa and controls seven factories on the continent: three sawmills in Gabon (Mevang, Ivindo, and Mbouma), two in Cameroon, (in Djoum and Mbang) and one in the Central African Republic (in Moualé), as well as one e plywood peeling in Gabon. It exploits a total of 2.3 million hectares of forest.

Nearly 90 People Killed Due to Tropical Storm Philippines, Dozens Lost

Tropical storms in the Philippines that triggered floods and landslides have killed nearly 90 people. Dozens of others have not been found.

According to local officials, all fatalities are on the southern island of Mindanao. Most of the casualties occurred on Friday (22/12) last night.

"We are still trying to confirm a report of an agricultural village buried by a landslide," said Ryan Cabus, an official in the city of Tubod as reported by news agency Reuters , Saturday (23/12/2017).

He said that communication and electricity networks to the disaster area were also cut off, making it difficult for rescue efforts.

Currently emergency workers, police and volunteers were deployed to search for survivors and clean up debris, and restore communications and electricity networks.

The total casualties were reported in various places including 39 people in Tubod, El Salvador and Munai cities in Lanao del Norte province. In Zamboanga del Norte province, 30 people were killed in Sibuco city and six people died in Salug.

Three others were killed in Bukidnon province. Meanwhile, according to politicians in the province of Lanao del Sur, seven people were drowned by flash floods in the region. Another 64 people were reported missing from the floods and landslides.

The Philippines is hit by about 20 storms each year. These storms often cause casualties and severe damage. Last week, 46 people were killed by a storm that hit the central Philippines. Earlier in 2013, Haiyan's super-storm killed nearly 8,000 people and left about 200,000 families homeless.

(ita / ita)

At least 43 killed by Tropical Storm in the Philippines

The death toll from tropical storms that hit the Philippines has risen to 43 with hopes fading for dozens of others not found after major landslides, authorities said on Tuesday.

Hurricane Kai-Tak which moved slowly into the South China Sea on Monday after sparking torrential rains that caused massive flooding and landslides as it struck the archipelago in central Philippines over the weekend.

Disaster watchdog government agency recorded 43 people dead and said 45 others have not found, many of them feared to be buried by a landslide that occurred on the small island of Biliran.

"SAR operations are still ongoing but we did not find anyone alive. We only found corpses, "said Sofronio Dacillo, a disaster monitoring officer, told AFP by telephone from Biliran.

Bulldozers continue to dig for survivors in homes buried by landslides in Biliran, which is located about 500 kilometers southeast of Manila. Thirty of the 43 deaths came from the island, and 31 residents are still missing, authorities said. [lt]