PGP Timber.
PGP timber is a Pinnacle Global Partners division that along with its Brazilian Partners own and operate a 903,000 hectares forest located in the State of Amazones, Brazil. The Forest possesses high-end tropical hardwoods such as Massaranduba, Angelim Pedra, Copiuba, Ipe and Loura-Vermeho. These woods are used mostly for flooring, decking, furniture, boats among other things and exhibit highly fashionable tropical coloring.
Production
The forest currently has approved rights to harvest 150,000 hectares. Each hectare under our forest management system generates 28 sellable cubic meters of lumber. This makes our total production capacity at the moment 4.2 Million Cubic Meters of Lumber ($3.7 Bln of Revenue).