Saturday September 19, 2020

Firm seeks investors for Panama forest

One of the largest private forestry companies in the country, Green Belt, is looking for investors for a 1,300-acre teak plantation in Panama, Central America.

10th June, 2006

Green Belt manages 160,000 acres of forestry across Ireland and plants more than 10,000 acres of new forests each year. Its customers include Irish farmers and private and institutional investors.

Maurice Ryan, managing director of Green Belt, said Panama was chosen for its political stability and climate.

‘‘Is pent three years researching this project and Panama was by far the most attractive location in Central America,” he said.

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