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The World Bank Group's International Finance
Corporation (IFC) and Morgan Stanley have jointly
invested USD100 million in Nature, one of the largest
flooring manufacturers in China, to help the company
develop sustainable wood sourcing and promote
sustainable development of the flooring industry. IFC is
providing Nature with long-term financing and offering
strategic views to help China's wood companies grow in a
The USD20 million in equity investment and USD30
million of long-term loans will help Nature implement its
growth strategy over the next three years. The financing
will enable the company to develop plantation forests in
the Jiangxi Province and establish a steady supply of
certified wood. These strategic moves will help position
the company as a leading player in the sector and bring
economic benefits to local communities.
Nature plans to increase the amount of certified wood it
uses and has committed to sourcing targets that will help
eliminate unknown sources of wood from its operations by the end of 2009. Its target is to use 100% verified supply
of legal wood by the end of 2011.The China Forest Trade
Network, the national body of the World Wildlife Fund's
Global Forest and Trade Network, will regularly assess the
company's progress on these targets.