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Panamá promotes its teak in Dubai and earns recognition

A commercial mission of six companies attended the Dubai International Wood & Wood Machinery Show to showcase their wood offerings. During the event, Ecotopia Teak was awarded the CSR Commitment prize for its commitments to corporate social responsibility. Six Panamanian teak processing companies exhibited for the second consecutive year at the 18th edition of the Dubai International Wood & Wood Machinery Show. Among the participants were Ecotopia Teak Incorporated, Desarrollo Agroforestal de Batipa S.A., Apical Reforestadora S.A., Plywood Orozco, and Estoic: a legal and accounting firm established in Dubai that provides services to exporters. Each of the companies participated under the name «Panama Teak,» which is a registered trademark dedicated exclusively to the marketing and sale of commercially cultivated and processed teak products in the Republic of Panama, certified by the Forestry Stewardship Council (FSC). The Panamanian government, through the Authority for the Attraction of Investments and Promotion of Exports (Propanama), facilitated the participation of these companies in the exhibition alongside 42 other countries at the Dubai International Wood & Wood Machinery Show. The purpose of the trade mission was to position Panamanian teak as a replacement for teak sourced from native forests, offering a sustainable and high-quality product. «We do not extract wood from native forests, and we are deforestation-free producers. Our teak has remained among the top 4 export products in the country for the past five years, even during the pandemic. According to the tariff description (4403.42.00) available at the Customs Authority, our FOB value in 2021 reached $40.9 million, and in 2022, it was $42.4 million,» the companies stated in a press release. Recognition This year, Ecotopia Teak was awarded the CSR Commitment prize for its commitments to corporate social responsibility. The company has a chemical-free chain within its plantations, which allows them to protect water, wildlife, and flora. Throughout its 27 years, Ecotopia Teak has produced teak in certified plantations and processed it with a precision margin of 0.5 millimeters, which has positioned it in the top markets of Europe. Their employees are settlers and indigenous people from Chepo and Darien with low formal education levels, but they have been trained by experts and work according to Swedish standards. Although it is the only company exporting value-added teak, authorities are encouraging more Panamanian processors to invest in developing high-quality value-added products to diversify the country’s export offerings and transfer knowledge for rural development hubs. About us Ecotopia Teak, S.A., we are a family-owned company dedicated to reforestation, harvesting, and exporting wood from commercial plantations. We work under high production standards and with social responsibility to obtain high-quality wood according to the needs and demands of national and international markets. Additionally, we actively contribute to the local economy by creating employment opportunities in the communities where we operate. Our commitment is to lead the industry in sustainable reforestation and wood production, preserving our natural resources and building a greener and more sustainable future. Facebook-f Youtube Instagram More articles

Panamá promotes its teak in Dubai and earns recognition Leer más »

PROPANAMA supports the development of exports to European markets

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Panama has the first high-capacity and high-precision teak wood processing plant in the region, sourced from forest plantations. The plant is certified in chain of custody by FSC® Forest Stewardship Council and has the capacity to process 1,300 annual shipments of 40-foot containers to certified premium markets. Ecotopia Teak opened its doors on January 28th in the town of Chepo, with the presence of national authorities and presidents of export associations such as APEX, SIP, and CONEP. Ambassador Carmen Gisela Vergara, General Administrator of the Authority for Investment Attraction and Export Promotion PROPANAMA, stated, «This investment represents a great innovation for our country, as we can export products with high domestic added value, introducing knowledge and technology transfer to the export timber that must also comply with the highest international environmental standards, in order to open new market opportunities in Europe, Asia, and North America.» She highlighted the participation of Panamanian FSC® certified timber producers in the launch of the «Panama Teak» country brand during Dubai WoodShow 2022, which generated orders for Panamanian participants. Vergara concluded by stating that this year they will also participate with Panamanian companies in the fair to promote, through increased exports, the generation of employment through knowledge and technology transfer. Bianca Morán, Administrative Manager of Ecotopia Teak, explained during the inauguration of the 2023 teakwood export, that this plant enables them to reach European markets with a stabilized finished product of precision and high quality, not just raw materials. The importance of adding value to exported products, as done by Ecotopia Teak, lies in the diversification of export offerings and the creation of new jobs in rural areas with a high level of training, providing well-being to the population. Luis Frauca, President of the Industrial Union of Panama (SIP), emphasized the appreciation for this innovation and investment effort, particularly the projection of adding value to exported products, creating higher value and elevating the country’s level of technology. Similarly, Víctor Pérez, President of the Panamanian Exporters Association (APEX), stated, «It is very rewarding to see how Panama is evolving from exporting raw materials to exporting certified value-added products, such as processed wood.» Juan Carlos Palacios, Executive Director of the Sustainable Forest Management Corporation of Ecuador, considered this investment in Panama and the region as a starting point, as this company is an example not only for Central America but also for South America. It is one of the few factories that produces certified value-added wood, reducing dependence on markets like Asia to sell their production. SOURCE: Propanama About us Ecotopia Teak, S.A., we are a family-owned company dedicated to reforestation, harvesting, and exporting wood from commercial plantations. We work under high production standards and with social responsibility to obtain high-quality wood according to the needs and demands of national and international markets. Additionally, we actively contribute to the local economy by creating employment opportunities in the communities where we operate. Our commitment is to lead the industry in sustainable reforestation and wood production, preserving our natural resources and building a greener and more sustainable future. Facebook-f Youtube Instagram More articles

PROPANAMA supports the development of exports to European markets Leer más »

Panamá has the first teak processing plant in the region

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Panama participated last year with certified FSC wood producers in the launch of the country brand «Panama Teak Panamá has the first high-capacity and high-precision teak processing plant from forest plantations. Ecotopia Teak, which inaugurated the plant on January 28th in the locality of Chepo, is FSC (Forest Stewardship Council) chain of custody certified and has the capacity to process 1,300 40-foot containers annually for certified premium markets. Panama participated last year with certified FSC wood producers in the launch of the country brand «Panama Teak» during the Dubai WoodShow 2022, which generated orders for Panamanian participants, highlighted Carmen Gisela Vergara, General Administrator of the Authority for Investment Attraction and Export Promotion (PROPANAMA). «This investment (the plant) represents a great innovation for our country, as it allows us to export products with high domestic added value, introducing knowledge and technology transfer to the export timber, which must also comply with the highest international environmental standards to open up new market sectors in Europe, Asia, and North America,» stated Vergara. Bianca Morán, Administrative Manager of Ecotopia Teak, during the inauguration of the 2023 teak export, explained that this plant enables them to reach European markets with a stabilized finished product, with precision and high quality, not just raw material. The importance of adding value to export products, as Ecotopia Teak does, lies in the diversification of export offerings and the creation of new jobs in rural areas with a high level of training, providing well-being to the populations. The President of the Union of Industrialists of Panama (SIP), Luis Frauca, stated, «We value this effort of innovation and investment, especially the projection of adding value to what is exported rather than exporting raw materials because it creates greater value for exports and raises the level of technological advancement in the country.» Similarly, Victor Pérez, President of the Panamanian Exporters Association (APEX), said, «It is very gratifying to see how in Panama we are evolving from exporting raw materials to exporting certified value-added products such as processed wood.» The Executive Director of the Sustainable Forest Management Corporation of Ecuador, Juan Carlos Palacios, considered that «this investment in Panama and the region is a starting point because this company is an example, not only for Central America but also for South America since it is one of the few factories that generates a certified value-added product like wood, which reduces our dependence on markets such as Asia for selling our production.» The General Administrator of PROPANAMA announced that this year they will also participate with Panamanian companies in this fair to promote, through increased exports, the generation of employment with knowledge and technology transfer. About us Ecotopia Teak, S.A., we are a family-owned company dedicated to reforestation, harvesting, and exporting wood from commercial plantations. We work under high production standards and with social responsibility to obtain high-quality wood according to the needs and demands of national and international markets. Additionally, we actively contribute to the local economy by creating employment opportunities in the communities where we operate. Our commitment is to lead the industry in sustainable reforestation and wood production, preserving our natural resources and building a greener and more sustainable future. Facebook-f Youtube Instagram More articles

Panamá has the first teak processing plant in the region Leer más »

Panamá has the first teak processing plant

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The new teak processing plant from forest plantations is an investment of US$3.7 million. Panama has the first high-capacity and precision teak processing plant in the region, certified in chain of custody by FSC® (Forest Stewardship Council). It has the capacity to process 1300 annual 40-foot containers to certified premium markets. Ecotopia Teak inaugurated the plant on January 28th in the town of Chepo, with the presence of national authorities and presidents of exporting guilds such as APEX, SIP, and CONEP. Ambassador Carmen Gisela Vergara, General Administrator of the Authority for Investment Attraction and Export Promotion PROPANAMA, stated, «This investment represents a great innovation for our country as it allows us to export products with high domestic added value, introducing knowledge and technology transfer to exported wood. It must also comply with the highest international environmental standards to open up new market sectors in Europe, Asia, and North America.» «We participated last year with FSC® certified wood producers in the launch of the country brand ‘Panama Teak’ during Dubai WoodShow 2022, which generated orders for Panamanian participants,» highlighted Ambassador Vergara. She concluded by saying that this year they will also participate with Panamanian companies in this fair to promote, through increased exports, job creation with knowledge and technology transfer. Bianca Morán, Administrative Manager of Ecotopia Teak, during the inauguration of the teak export in 2023, explained that this plant allows them to reach European markets with a stabilized finished product, with precision and high quality, not just raw material. The importance of adding value to export products, as Ecotopia Teak does, lies in the diversification of export offerings and the creation of new jobs in rural areas with a high level of training, providing well-being to the population. Luis Frauca, President of the Union of Industrialists of Panama (SIP), emphasized, «We value this effort of innovation and investment, especially the projection of adding value to what is exported, not in raw form, as it creates greater value for exports and raises the level of technological advancement in the country.» Similarly, Víctor Pérez, President of the Panamanian Exporters Association (APEX), stated, «It is very gratifying to see how in Panama we are evolving from exporting raw materials to exporting certified value-added products such as processed wood.» Juan Carlos Palacios, Executive Director of the Sustainable Forest Management Corporation of Ecuador, considered that «this investment in Panama and the region is a starting point, as this company is an example not only for Central America but also for South America. It is one of the few factories that produces certified value-added wood, which reduces our dependence on markets such as Asia for selling our production.» About us Ecotopia Teak, S.A., we are a family-owned company dedicated to reforestation, harvesting, and exporting wood from commercial plantations. We work under high production standards and with social responsibility to obtain high-quality wood according to the needs and demands of national and international markets. Additionally, we actively contribute to the local economy by creating employment opportunities in the communities where we operate. Our commitment is to lead the industry in sustainable reforestation and wood production, preserving our natural resources and building a greener and more sustainable future. Facebook-f Youtube Instagram More articles

Panamá has the first teak processing plant Leer más »

Panamá exports processed teak to Europe

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The new teak processing plant from forest plantations is a $3.7 million investment. Panama has the first high-capacity and precision teak processing plant (from forest plantations) in the region, certified in chain of custody by FSC (Forest Stewardship Council), with the capacity to process 1,300 40-foot containers annually for certified premium markets. Ecotopia Teak inaugurated the plant on January 28th in the town of Chepo, where national authorities and presidents of exporting associations such as APEX, SIP, and CONEP gathered. Ambassador Carmen Gisela Vergara, General Manager of the Authority for Investment Attraction and Export Promotion (PROPANAMA), stated, «This investment represents a great innovation for our country, as we can export products with high domestic added value, introducing knowledge and technology transfer to exported timber that must also comply with the highest international environmental standards, in order to open new market opportunities in Europe, Asia, and North America.» Inauguration of the processing plant We participated last year with FSC-certified wood producers in the launch of the country brand «Panama Teak» during Dubai WoodShow 2022, which generated orders for Panamanian participants, emphasized Ambassador Vergara. She concluded by stating that this year, they will also participate alongside Panamanian companies in this trade fair to promote increased exports, job creation through knowledge and technology transfer. Bianca Morán, Administrative Manager of Ecotopia Teak, during the inauguration of the 2023 teak export, explained that this plant enables them to reach European markets with a stabilized, finished product of precision and high quality, not just raw material. The importance of adding value to export products, as Ecotopia Teak does, lies in the diversification of export offerings and the creation of new jobs in rural areas with a high level of training, providing well-being to the population. Increased domestic value added to the exportable offer and the generation of decent employment contribute to the country’s economic recovery. The president of the Union of Industrialists of Panama (SIP), Luis Frauca, emphasized, «We value this effort of innovation and investment, especially the projection of adding value to exports that are not in raw form, as it creates greater value for exports and elevates the country’s level of technological advancement.» Similarly, Víctor Pérez, president of the Panamanian Association of Exporters (APEX), stated, «It is very gratifying to see how Panama is evolving from exporting raw materials to exporting certified value-added products such as processed wood.» Juan Carlos Palacios, Executive Director of the Sustainable Forest Management Corporation of Ecuador, considered that «this investment is a starting point for Panamá and the region because this company is an example, not only for Central America but also for South America, as it is one of the few factories that produces certified value-added wood products. This reduces our dependence on markets like Asia to sell our production.» About us Ecotopia Teak, S.A., we are a family-owned company dedicated to reforestation, harvesting, and exporting wood from commercial plantations. We work under high production standards and with social responsibility to obtain high-quality wood according to the needs and demands of national and international markets. Additionally, we actively contribute to the local economy by creating employment opportunities in the communities where we operate. Our commitment is to lead the industry in sustainable reforestation and wood production, preserving our natural resources and building a greener and more sustainable future. Facebook-f Youtube Instagram More articles

Panamá exports processed teak to Europe Leer más »

First certified processing plant for wood from forest plantations inaugurated

Deja un comentario / Business, Uncategorized / market

Ecotopia Teak opened its doors on January 28th in the town of Chepo, where national authorities and presidents of export associations such as APEX, SIP, and CONEP gathered. «This investment represents a great innovation for our country, as it allows us to export products with high domestic added value, introducing knowledge and technology transfer to export timber that must also comply with the highest international environmental standards, in order to open new market opportunities in Europe, Asia, and North America,» said Ambassador Carmen Gisela Vergara, General Administrator of the Authority for Investment Attraction and Export Promotion PROPANAMA. She explained that last year, a delegation participated with FSC® certified wood producers in the launch of the country brand «Panama Teak» during the Dubai WoodShow 2022, which generated orders for Panamanian participants. She concluded by saying that this year they will also participate with Panamanian companies in this fair to promote, through increased exports, the generation of employment with knowledge and technology transfer. Bianca Morán, Administrative Manager of Ecotopia Teak, during the inauguration of the teak exportation in 2023, explained that this plant allows them to reach European markets with a stabilized finished product, with precision and high quality, not just raw material. The importance of adding value to export products, as Ecotopia Teak does, lies in the diversification of the export offer and the creation of new jobs in rural areas with a high level of training, providing well-being to the population. Juan Carlos Palacios, Executive Director of the Sustainable Forest Management Corporation of Ecuador, considered that «this investment is a starting point for Panama and the region because this company is an example, not only for Central America but also for South America, as it is one of the few factories that produces certified wood with added value, which reduces our dependence on markets such as Asia to sell our production.» About us Ecotopia Teak, S.A., we are a family-owned company dedicated to reforestation, harvesting, and exporting wood from commercial plantations. We work under high production standards and with social responsibility to obtain high-quality wood according to the needs and demands of national and international markets. Additionally, we actively contribute to the local economy by creating employment opportunities in the communities where we operate. Our commitment is to lead the industry in sustainable reforestation and wood production, preserving our natural resources and building a greener and more sustainable future. Facebook-f Youtube Instagram More articles

First certified processing plant for wood from forest plantations inaugurated Leer más »

Panamá has the first teak processing plant

Deja un comentario / News / market

Ecotopia Teak opened its doors on January 28th in the town of Chepo, where national authorities and presidents of exporting associations such as APEX, SIP, and CONEP gathered. «This investment represents a great innovation for our country, as it enables us to export products with high domestic value-added, introducing knowledge and technology transfer to exported timber, which must also comply with the highest international environmental standards, to open up new market opportunities in Europe, Asia, and North America,» stated Ambassador Carmen Gisela Vergara, General Manager of the Authority for Investment Attraction and Export Promotion (PROPANAMA). She explained that last year, a delegation participated with FSC® certified wood producers in the launch of the country brand «Panama Teak» during the Dubai WoodShow 2022, which generated orders for Panamanian participants. She concluded by stating that this year, they will also participate alongside Panamanian companies in this fair to promote, through increased exports, the generation of employment with knowledge and technology transfer. Bianca Morán, Administrative Manager of Ecotopia Teak, during the inauguration of the 2023 teak export, explained that this plant allows them to reach European markets with a stabilized, precise, and high-quality finished product, not just raw material. The importance of adding value to export products, as Ecotopia Teak does, lies in the diversification of export offerings and the creation of new jobs in rural areas with a high level of training, providing well-being to the communities. Juan Carlos Palacios, Executive Director of the Sustainable Forest Management Corporation of Ecuador, considered that «this investment is a starting point for Panama and the region, as this company is an example, not only for Central America but also for South America, because it is one of the few factories that generates a certified value-added product like wood, which affects our dependence on markets such as Asia to sell our production.» About us Ecotopia Teak, S.A., we are a family-owned company dedicated to reforestation, harvesting, and exporting wood from commercial plantations. We work under high production standards and with social responsibility to obtain high-quality wood according to the needs and demands of national and international markets. Additionally, we actively contribute to the local economy by creating employment opportunities in the communities where we operate. Our commitment is to lead the industry in sustainable reforestation and wood production, preserving our natural resources and building a greener and more sustainable future. Facebook-f Youtube Instagram More articles

Panamá has the first teak processing plant Leer más »

The development of exports to European markets is supported by PROPANAMA.

Deja un comentario / Economy / market

The new teak wood processing plant from forest plantations has an investment of US$3.7 million. Adding greater domestic value to our export offering and creating dignified employment contribute to the economic recovery of the country. The first teak wood processing plant (sourced from forest plantations) established in Panama has the capacity to process 1300 40-foot containers annually for certified premium markets. It boasts high capacity and precision in the region and is certified in chain of custody by FSC® (Forest Stewardship Council). Ecotopia Teak inaugurated the plant on January 28th in the town of Chepo, with the presence of national authorities and presidents of exporting guilds such as APEX, SIP, and CoNEP. Ambassador Carmen Gisela Vergara, General Manager of the Authority for Investment Attraction and Export Promotion PROPANAMA, stated that, «This investment represents a great innovation for our country, as it allows us to export products with high domestic added value, introducing knowledge and technology transfer to exported wood that must also meet the highest international environmental standards, in order to open up new market segments in Europe, Asia, and North America. «We participated last year with FSC® certified wood producers in the launch of the ‘Panama Teak’ country brand during Dubái WoodShow 2022, which generated orders for Panamanian participants,» highlighted Ambassador Vergara. She concluded by stating that this year they will also participate with Panamanian companies in the fair to promote increased exports, job creation, and the transfer of knowledge and technology. Bianca Morán, Administrative Manager of Ecotopia Teak, explained that this plant allows them to reach European markets with a stabilized finished product, with precision and high quality, not just raw material, during the inauguration of the teak export in 2023. The importance of adding value to export products, as Ecotopia Teak does, lies in the diversification of the export offering and the creation of new jobs in rural areas with a high level of training, while also providing well-being to the communities. Luis Frauca, President of the Union of Industrialists of Panama (SIP), emphasized, «We value this effort of innovation and investment, especially the projection of adding value to exports beyond raw materials because it creates greater value in exports and raises the level of technological advancement in the country.» Similarly, Víctor Pérez, President of the Panamanian Association of Exporters (APEX), stated, «It is very rewarding to see how Panama is evolving from exporting raw materials to exporting certified value-added products such as processed wood.» Juan Carlos Palacios, Executive Director of the Sustainable Forest Management Corporation of Ecuador, considered that «this investment in Panama and the region is a starting point because this company is an example not only for Central America but also for South America. It is one of the few factories that produces a certified value-added product like wood, which reduces our dependence on markets such as Asia to sell our production.» About us Ecotopia Teak, S.A., we are a family-owned company dedicated to reforestation, harvesting, and exporting wood from commercial plantations. We work under high production standards and with social responsibility to obtain high-quality wood according to the needs and demands of national and international markets. Additionally, we actively contribute to the local economy by creating employment opportunities in the communities where we operate. Our commitment is to lead the industry in sustainable reforestation and wood production, preserving our natural resources and building a greener and more sustainable future. Facebook-f Youtube Instagram More articles

The development of exports to European markets is supported by PROPANAMA. Leer más »