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Feronia Inc (2)
Symbol FRN
Shares Issued 55,205,051
Close 2014-11-19 C$ 0.45
Market Cap C$ 24,842,273
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Feronia hires MASS to assess its social infrastructure

2014-11-20 08:24 ET - News Release

Mr. Ravi Sood reports

FERONIA AND MASS DESIGN COLLABORATE ON SOCIAL INFRASTRUCTURE PROJECT IN THE DRC

Feronia Inc. and MASS Design Group have formed a new partnership to assess and redesign the social infrastructure underpinning Feronia's operations in Congo.

Feronia operates three palm oil plantations in remote parts of Congo, the oldest of which was first established in 1911. Feronia directly employs over 3,600 workers and supports a wider community of approximately 45,000 people. The company's extensive social infrastructure includes staff housing, four hospital campuses, 17 clinics and dispensaries, nearly 100 schools, and assorted community spaces including markets, shops and outdoor communal areas. In many places, these are the only such facilities for hundreds of miles.

Feronia has now engaged pioneering design company MASS to conduct a comprehensive assessment of the plantations' existing social infrastructure and to engage with local communities in the development of new facilities which answer their everyday needs.

MASS has a proven record of innovative design as well as considerable experience in Africa, including in Congo. Its approach is to maximize the use of locally available materials and to develop skills amongst local people, encouraging community engagement and helping develop long-term employment prospects.

"When we acquired the palm oil business from Unilever we inherited a vast social infrastructure built over a period of several decades, all of it suffering from a lack of investment and much of it, despite the efforts of management and the communities, in a state of widespread disrepair," said Ravi Sood, chairman of Feronia. "We already have in place an extensive and ongoing maintenance and repair program but are well aware that, fundamentally, the schools, clinics and other facilities are outdated and require a complete rethink if they are to provide a safe, healthy and desirable environment in which to live, learn and work. Appointing MASS Design Group is part of Feronia's long-term commitment to improving the living and working environment of its employees and their communities."

"Investing in dignified infrastructure that will last for generations is paramount," said Michael Murphy, co-founder and chief executive officer of MASS Design Group. "Feronia and MASS are committed to delivering that to the people in the Lokutu, Yaligimba and Boteka communities."

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