Precious Woods Holding Ltd.

EANS-Adhoc: Precious Woods Holding Ltd.
Successful bank agreement, reinforcement of market position

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Company Information


Precious Woods successfully concluded the talks with the banks on the mid-term financing of the Group. The agreement contains the continuation of the existing credit lines as well as the restructuring of the existing loans.

The Board of Directors and the Group Management have initiated a comprehensive action plan which will sustainably improve the group´s market position and profitability as of 2010. The challenges in the current market conditions however remain demanding. Emerging markets in Asia and Latin America show early signs of recovery, which should further improve the market position of Precious Woods.

Prospective full certification of Precious Woods

Precious Woods Gabon is well on the way to be fully FSC certified. The subsidiary TGI with the veneer factory in Libreville has successfully passed an audit of the FSC accreditation program conducted end of October by an independent certification body. The company is looking forward to being certified in December 2009. The upcoming granting of the highly regarded certification follows one year after the FSC certification of the subsidiary CEB for its forestry activities and industrial operations (sawmill and moulding factory).

Having reached this milestone, the Precious Woods Group will prospectively rank among the first companies in the tropical forestry and timber industry to have fully FSC certified forest resources, forestry activities and industrial operations: A strong commitment to sustainability.

end of ad-hoc-announcement ========================================== ====================================== Precious Woods is one of the leading companies in the area of sustainable management and use of tropical forests. The company's core activities include reforestation and sustainable management of tropical forests, timber processing and the trading of FSC-certified timber products. The generation of emission rights and electricity from recovery wood represent further integral elements of the company’s business. The shares of Precious Woods Holding have been traded on the SWX Swiss Exchange since March 2002. Further information about Precious Woods is available at

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ots Originaltext: Precious Woods Holding Ltd.
Im Internet recherchierbar:

Further inquiry note:
Patrick Mauron
Head of Corporate Communication
Precious Woods Holding Ltd.
Militärstrasse 90
CH-8021 Zürich
Tel.:    +41 44 245 81 20

Branche: Forestry & Timber
ISIN:      CH0013283368
WKN:        982280
Index:    SPI
Börsen:  SIX Swiss Exchange / official dealing

Weitere Meldungen: Precious Woods Holding Ltd.

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