Milestones Precious Woods
Precious Woods founded by Swiss Investors. The company begins in Costa Rica with reforestation of uncultivated pasture.
With the founding of Precious Woods Ltd. the private company opens its doors to shareholders.
Entering the market in Brazil. Precious Woods Amazon is founded with establishing a sustainable forestry operation, which in 1997 will be the first company in the region to be certified according to Forest Stewardship Council® (FSC®) standards.
Precious Woods together with the Dutch Timber trade company A. van den Berg B.V. founds another forestry business in the Brazilian state of Pará (Precious Woods Pará).
Precious Woods Holding AG becomes a public company by being listed at the SIX Swiss Exchange.
Precious Woods continuously expands its activities and increases afforestation in Central America and Nicaragua.
Precious Woods acquires BK Energia in Itacoatiara, Brazil, which is a wood chip based power plant operating since 2002. BK Energia is directly linked to the Precious Woods Amazon sawmill.
Precious Woods takes over its largest customer and business partner, the Dutch A. van den Berg B.V.
Precious Woods expands its activities in the business area of non-timber products from tropical forests by selling its first carbon emission rights.
Precious Woods ventures into Central Africa: Acquisition of the forestry company CEB and the veneer company TGI in Gabon as well as a minority share in a company based in the Democratic Republic of Congo.
In October 2008, the subsidiary Precious Woods Gabon receives the FSC®-certificate for her forestry operation (Forest Management Certificate) and the product chain certification (Chain of Custody Certificate) for the industrial sawmilling and re-manufacturing activities.
The lack of legal and institutional frameworks in the Brazilian state of Pará is forcing Precious Woods to give up its forestry operation.
The market environment requires fast responses in productivity, marketing and organisation. Precious Woods becomes the first company globally whose tropical forest activities are fully FSC®-certified after the TGI veneer company receives FSC® certification.
The restructuring of the Precious Woods Group intensifies; inherited liabilities are cleared up, the productivity increased and the market position strengthened. Precious Woods receives an environmental award from a Swiss Environmental Foundation (Umweltpreis der Schweizerischen Umweltstiftung).
75% of Precious Woods Central America (PWCA) shares are sold to two existing Swiss shareholders, which was approved by the General Shareholders Meeting 2011. This leads to a substantial debt reduction for the Holding. With a seat on the Board of PWCA, Precious Woods Holding continues to be actively engaged in the business developments in Central America.
The Extraordinary General Meeting approves the increase of the ordinary, conditional and authorized capital. The remaining 25% of shares in PWCA are sold to the existing co-shareholders and the debt is reduced further. The Group sells 40% of its shares in BK Energia to the co-shareholder, holding now only 40% of the shares.
On 15 March 2013, the capital increase was carried out successfully. The share capital was increased by CHF 309 451 to CHF 3 747 806 by 309 451 shares with a nominal value of CHF 1.00. The delisting from SIX Swiss Exchange effected on August 2013. On November 2013, it was decided to close the sales company (PW Europe) in the Netherlands.
Successful conversion of the distribution structure over the PW Holding of the B2B of PW Amazon.
On 30 December 2015, the right to convert convertible loans was exercised to purchase shares. The capital increase amounted to 1 216 214 shares with a nominal value of CHF 1 each to CHF 4 984 020.
On 28 June 2016, the share capital increased with authorized capital in the amount of CHF 806 798 (806 798 shares with a nominal value of CHF 1.00 each). Furthermore, a share capital increased with conditional capital in the amount of CHF 93 850 (93 850 shares with a nominal value of CHF 1.00 each) in August 2016.
On 18 May 2017, the share capital increased with conditional capital was executed by conversion of loan in the amount of CHF 150 000 (150 000 shares with a nominal value of CHF 1.00 each).
The construction of an additional hardwood sawmill begins in Bambidie. Launch of the sawmill takes place in 2020.