Case Studies

Case Study 1: Golden Veroleum Liberia (GVL)

Company Background

Since 2010, Golden Veroleum Liberia (GVL) has been a long-standing investor in Liberia with a strategic vision focused on responsible and sustainable development of the oil palm industry.

GVL works closely with local communities by:

• Signing MOUs directly with communities for land acquisition
• Contributing to Community Development Funds (CDF)
• Providing employment opportunities
• Creating opportunities for local content supply

These initiatives reflect GVL's commitment to improving the livelihoods of local Liberian communities.

Case Study 2: Firestone Liberia

Project Background

Firestone Liberia Inc., an indirect subsidiary of Bridgestone America Inc., is the world’s single largest contiguous natural rubber producing operation.

Its Liberia operations include a fully funded community infrastructure consisting of:

• Housing
• Schools
• Clinics
• A referral hospital

Firestone remains the largest private employer in Liberia.

Project Specifications

Between 2004 and 2017, Firestone Liberia invested USD $1.3 billion into the Liberian economy, including:

• Wages and salaries
• Healthcare
• Education
• Taxes paid to the Government of Liberia
• Rubber purchases from Liberian farmers
• Payments for goods and services

These investments are in addition to ongoing operational purchases of equipment and manufactured products.

Source: Firestone Liberia Incorporated

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