Hardwoods Unlimited, LP
Ownership of a Teak Plantation
Hardwoods Unlimited is a Panamanian company that specializes in the teak industry. Established 19 years ago with its first planting of 100 acres, the company has nurtured the growth of over 43,000 teak trees. Growth rates are in the middle of the bell curve for teak aged 19-years old and projected volumes are on track for harvest estimates. With nearly a decade and a half of expertise in planting, growing, and maintaining a plantation, Hardwoods is an experienced partner for the Panama Residency Visa Program.
In this day and age a healthy skepticism is critical for success and protection. Hardwoods Unlimited encourages you to do your homework. Hardwoods Unlimited was founded by a group of business people already substantially involved in the region. It is important for the investor to understand the people who stand behind the company. Hardwoods Unlimited invites you to visit our plantation in Panama to see for yourself the realities of a Teak plantation.
Teak: A Dwindling Natural Resource
In simple terms, Teak is a commodity that is being harvested at a rate 8-12 times the rate of replanting. The market for Teak is largely in Asia, the Scandinavian countries and in the boat building business. Teak prices have risen dramatically over the last 20 years, and as the harvest continues to exceed the supply, we can expect the price of Teak to continue on an upward trend.
Panama was chosen for the Hardwoods plantation specifically because it provides optimal growing conditions and political security. The Panama Canal is a vital strategic US interest and the US proved that when it invaded Panama to remove General Noriega. From a climate perspective, the Pacific coast of Panama is ideal in that it has an 8 month rainy season and a 4 month dry season, which is precisely what teak wood requires to achieve maximum quality. Three hundred years of historical records show no sustained droughts for the region of reforestation. Resistance to fire is a natural element of the Teak’s adaptation to its environment. The Teak tree is largely resistant to fire because it sheds its leaves in the dry season as a water loss prevention mechanism and effectively blocks the growth of underbrush by eliminating light to the forest floor.