Going for leading edge, sustainable and certified high value tropical hardwood plantations
The goal of CATF is to maintain and/or build a diversified portfolio of wood plantations located in Latin America, with a focus on Costa Rica and works therefore in close cooperation with local and international service providers.
The amount of hectares, planted or to be planted, is based on the existing plantations, the annually realized and predicted sales of units and on the capabilities of the involved plantation companies.
The goal of Central American Timber Fund is to build and maintain a diversified portfolio of existing wood plantations located in Latin America, with a focus on Costa Rica and works therefore in close cooperation with local and international service providers.
The management company has appointed Latin American Timber Corporation S.A. (LATC) as investment advisor of CATF. LATC therefore will carefully select already existing plantations and will initiate new initiatives in accordance with LATC’s ‘Mission Statement’ and the ‘Forest Investment Policy on Tree Farming Plantations’.
The tree plantation companies have the objective to operate leading edge well managed sustainable and certified high value tropical hardwood plantations.
CATF selected the plantation companies Expo and Barca (and if necessary will select other parties with specific knowledge) on the basis of their expertise, knowledge and experience of its management and co-operators. Each organization will eventually be contracted by the management company and will be remunerated on local commercial rates for their provided services. Further the Plantation Companies have to agree on the ‘Quality Management System’ (QMS) that gives a detailed description of the technical criteria relating to the establishment, seedling, exploitation and the necessary thinnings and final felling of the trees on the plantations. This all in accordance with the local laws and regulations, LATC’s ‘Mission Statement’ and the ‘Forest Investment Policy on Tree Farming Plantations’. Each Plantation Company must be in charge of the FSC certification of the involved plantations.
On a regular basis, each plantation company will provide LATC with the required information to audit and control their activities. They also provide CATF with an audited annual report on the exploitation of the plantations.
In the near future the unitholders will be informed of the concerning developments on this page.