Started in 1989 to counterweight deforestation
Novelteak is the creation of Swiss entrepreneurs who wanted to counterweight deforestation. By consistently investing and growing plantations along the years the company became one of the most important teak plantation exporters and it is recognized by its advanced seed genetics proprietary program and forest management techniques.
1989 Founded with Swiss Capital as Maderas Preciosas de Costa Rica SA.
2002 Achieved FSC ™ certification for all plantations
2003 Purchased farms and expanded into Nicaragua as Maderas Preciosas Nicaragua SA.
2011 All subsidiaries are transferred from Precios Woods Holdings Ltd. (PWH) to Precious Woods Central America Ltd. (PWCA) and 75% of shares were purchased by 2 private shareholders.
2012 PWH sells remaining 25% to PWCA, expands into Panamá.
2013 Purchase of additional 5.000ha with 1300ha of planted teak holdings in Costa Rica.
2014 With more than 17.000ha owned and 7.000ha already producing under 100% FSC ™ certification standards, company changes name to Novelteak
2015 Company invests in industrial capabilties and starts transforming its own wood into semi-finshed products, like Edge Glued Panels, Decking and Dimension Lumber which is exported worldwide.