Forestry projects

In Angola, the forestry area is 58,480,000km², the forest coverage rate is 47%, the total forest stock volume is 2,266,000,000 m³ of which the stock volume of commercial varieties of trees represent 12%. Angola is the second forestry resources country of Africa.

The timber output of Angola is very low, so there is a shortage of 438,000m³ for the consumer demand. However, the timber exportation volume of Angola is more than its timber importation volume. Between 2012 and 2013, of the annual timber output of 62,000m³, approximately 26,000m³ timber was exported to France, China, Italy, Spain, Germany, Poland, etc. Meanwhile, the timer importation volume of Angola was only 7,000m³.

However, there is a big potential in the wood industry of Angola. Angola may produce 326,000m3 of natural forest timber and 850,000m³ of artificial forest timber. This output will increase the national economy of Angola by USD 150,000,000 which represents 0.1%-4% of GDP and 25% of the income of the agricultural sector.

In 2017, for the forestry project invested by our company, the first batch of 100t small spotted wood was transported from Menongue to Lobito. By the end of 2017, our company exported totally 72t timber to China. In the future, on the basis of disafforesting, the timber purchasing business will be included in the company and a wood processing factory will be founded so as to form a industrial chain to offer one package service including disafforesting, processing, purchasing and exporting.