Fiven Annual Report 2022 2022 Highlights 7 Finishing of Tree Planting Project & Opening of a Tree Nursery Fiven Group is dedicated to becoming a fully sustainable silicon carbide manufacturer and is taking concrete steps towards this goal. In 2022, the company finished planting 116,000 tree seedlings in Brazil, capturing 8,000 tons of CO2 per year and promoting the growth of native fauna and flora. Fiven is also committed to environmental education, partnering with the municipality to create a tree nursery and distribute 10,000 native seedlings annually to citizens, while supporting planting efforts and environmental education. With a shared vision for a greener and healthier world, Fiven is leading the way in sustainable manufacturing practices. Divesture of Venezuelan Activities The Fiven Group has successfully divested its activities in Venezuela. The decision comes after months of political instability and administrative hurdles, which made it difficult for Fiven to continue operations in the country. Divesting from Venezuela has allowed Fiven to reduce its exposure to the risks associated with doing business in a politically unstable and uncertain environment.
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