Panama Teak Forestry currently owns and manages six forestry projects throughout the fertile Sona Valley area of Panama, near the city of Santiago. Our holdings comprise 564 hectares (about 1356 acres) planted in timber.
| Year Planted | Number of Hectares | Type of Timber |
|---|---|---|
2001 |
15 | Cedro espino (spiny cedar) |
| 1999 | 66 | Teak |
| 2004 | 43 | Teak |
| 2007 | 200 | Teak |
| 2008 | 200 | Teak |
| 2011 | 40 | Teak |
The 136 hectares not planted in timber are used for livestock or have been restored to their natural state to increase the biodiversity of Panama Teak Forestry´s land holdings.
Because Panama Teak Forestry is always open to expansion, our forestry engineers regularly inspect both uncultivated land and existing forestry projects in their search for suitable property. We look for exceptional opportunities to further diversify the age of our timber holdings and to provide a steady source of logs for the company's mill. We are not focused on growth at all cost we are focused on building value over time. When things line up with that goal we will embrace solid value based growth. Our focus is on increasing value per share.