With over 11 years in agro-forestry and forestry
investment:
Touchwood revolutionises Lanka's business landscape
Touchwood was listed on the Colombo Stock Exchange in 2002 the
Initial Public Offering was oversubscribed.
The Company had established plantations and the Holding Company in
Thailand, which markets products globally, was registered in Hong Kong,
by 2004.
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President Mahinda
Rajapaksa being given a plant |
Touchwood now yields an array of sustainable forestry products as
investment opportunities to both institutional and retail investors.
With over 2,500 acres of private forestry plantations that are home
to high value, exotic tropical timber, Touchwood's client portfolio
exceeds 25,000 investors, operations spanning across eight nations.
Touchwoods' vanilla plantations entered the third year of posting
on-target returns to investors, approximately six plus years into the
cultivation process.
Touchwood today epitomises the very best in agro-forestry practice
and is a sustainable business model that not only delivers commercial
value to clients but also helps Mother Earth through sustainable
re-forestation.
Poyry, one of the largest independent forestry consultants in the
world, in their assessment of the Company notes, "Touchwood has a sound
base for their investments, the plantations are intensively managed by a
well-motivated and knowledgeable staff.
The Company has a strong, unique concept compared to other forestry
companies in the world."
CEO of Touchwood Channa Abeygunawardena said, "future value is at the
core of the Touchwood business proposition, Consumers are increasingly
demanding timber from sustainable sources.
The proportion of timber harvested from old growth natural forests
will decline in favour of timber from sustainable managed resources in
the future.
Touchwood's agro-forestation equals habitat control plus future value
is indeed a compelling proposition for the future sustenance of eco and
financial assets despite economic downturns.
Ours is a "bulletproof" business model that paves the way for the
enhancement of our clients' investments while simultaneously purifying
Mother Earth's lungs."
Touchwood's experience in agro-forestry over the last decade, has
given the Company the ability to garner exceptional support for future
growth.
Analysts cite certain competencies such as Touchwood's investment
advisory and management team - which includes some of the world's
foremost authorities in the area of agro-forestry - its operations in
over eight countries across the world, and its stakeholder network which
acts as a catalyst for innovation and in connecting with critical
business partners, as unique fundamentals for the future success of the
Company.
Abeygunawardena sums up the Company's expectations for the future
when he said "with the Kyoto Protocol on climate change and global
warming coming into effect in 2005, the world entered a new era where
investors increasingly sought businesses that preserve, rather than
destroy the environment.
In this new era, the Touchwood Group has prospered and is poised for
future growth and enduring success."
Founded in 1999, Touchwood has grown to become a pioneer in forestry
investment in the Asia Pacific region.
The Touchwood story goes back to Sri Lankan entrepreneur Roscoe
Maloney who was inspired to act creatively to what he considered to be a
growing global need.
Maloney's father-in-law, a furniture maker by trade, often complained
about the rising cost and scarcity of timber and indeed it was this
close to home concern that encouraged Maloney to think of an out of the
box solution for not only timber supply but unmanaged deforestation in
Sri Lanka.
Maloney remembered passing tree plantations in Australia where he had
gone to school as a young man and wondered why lush, tropical Sri Lanka
didn't resort to tree plantations as a means to supply the demand for
timber.
And so inspired, an idea and a company were born.
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