Woodbois says has coronavirus contingency plans in place, but so far unaffected by outbreak

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Woodbois Limited (LON:WBI) has said it has coronavirus (COVID-19) contingency plans in place, though so far it has been unaffected by the outbreak.


In a statement, the Africa-focused timber and forestry specialist acknowledged there is a possibility, however, that its sawmill and veneer factory sites in Mouila, Gabon, may need to be operated by a reduced workforce, or even halted for an “indeterminate period”.


“In the event of port closures in Gabon or elsewhere and extreme disruption to supply routes, cash conservation plans are in place, including temporarily closing factories and the halting of new trades,” it added.


The group said that it will restate its forward guidance when the implications for the business can be “assessed reliably”.


It added that the first priority was the safety and health of all of its employees and their families.


“Management has taken active measures to help minimise the risk of infection and to safeguard the continuity of day-to-day business operations,” Woodbois added.

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