Libreville, 30 March 2022 – The Grande Mayumba Development Company (GMDC), developer of the Grande Mayumba project and subsidiary of ACDG (The African Conservation Development Group Ltd.), together with Corà Wood Gabon (CWG), subsidiary of Corà Italy, have joined forces to create African Equatorial Hardwoods (AEH), a new player in the Gabonese timber industry.
The merger of forestry and industrial assets between GMDC and CWG, finalised on 31 December 2021, gives AEH access to more than 400,000 hectares of forestry concessions in Guietsou, and Grande Mayumba, as well as timber processing operations in Port-Gentil and, in the medium term, in Grande Mayumba.
AEH will uniquely combine industrial and commercial infrastructure, with sustainable forestry harvesting to optimise the management of Gabon’s forest resources in Southern Gabon. AEH’s approach is aligned with Gabon’s national timber industry policy, that ensures jobs are created at the local level and investment into local beneficiation is optimised in order to promote investment, innovation, downstream processing and indirect employment.
Sustainable forestry and the focus on local wood processing are a component of the ambitious Grande Mayumba project, which is fully in line with Gabon's vision of sustainable socio-economic development that preserves its forests, its biodiversity, and its overall carbon sequestration capacity.