Geo Forestal S.A.

The company Geo Forestal, SA, was founded on December 14, 1994, two years after the incentives were established and the reforestation activity was regulated in the Republic of Panama, through Law No.24 of November 23, 1992 and the Executive Decree No. 89 of June 8, 1993 that regulates said law. The company Geo Forestal, SA is dedicated to providing reforestation services and production of forest plants to corporate clients. Its main interest is to maintain the balance between industrial activity and the preservation of the environment. Thus, the primary objective of the company is to develop reforestation projects with the species Tectona Grandis (Teca), as the main species due to its high commercial value and growing demand nationally and internationally, which guarantees the placement of the total of the expected production with very good profitability; In other words, there is market security in this product called TECA. Currently, these reforestation projects have been developed in the provinces of Darién, Coclé and Colón. In addition, it has successfully made inroads in the production of plants by having its own nurseries located in Santa María, district of Penonomé, province of Coclé, and in Coronado. Currently the Santa María nursery, with capacity to produce approximately one (1) million seedlings per year in the Canadian system of production of forest seedlings called "Root Directed", with two variants: one called "ventblocks" and other containers ", Which make the growth of Teak seedlings faster, healthier and more effective. In the year 2000 there was a new vision of the company as an anticipated reaction, since in the Central American region incentives for reforestation were eliminated and probably in Panama as well. This is why the company extends its range of services to the following: gardening services, landscaping services, production of ornamental plants, sale of grass, sale of organic compounds, services of extraction of wood, services of establishment of silvopastoral projects and agroforestry, forest valuation services and environmental impact studies. The company has 4 branches located in Penonomé, Antón, Coronado and Brisas del Golf and the plant production nursery in Santa María de Penonomé. Within his work team, he has a very functional organizational chart that guarantees the adequate development of the projects, backed by a forestry engineer and 3 agronomist with vast experience in forestry and gardening, two foresters and 8 technical assistants from field with experience in reforestation and gardening activities. In total it is made up of 83 permanent employees and 60 casual workers. Of these the administration is conformed by a general manager, an operations manager, an accounting department, human resources and marketing.