Touchwood marks 14 year of excellence

Jayasri Jayakody

Touchwood, a foremost company in Sri Lanka's agro-forestry industry, celebrated their 14th anniversary on June 7. Speaking about reaching this significant milestone, Touchwood, founder Chairman, Roscoe A. Maloney said, "We did not have a rosy path to travel. During these 14 years we had innumerable hurdles and challenges to overcome. However, the hurdles and challenges we had to surmount made us strong and into what we are today. I am proud of Touchwood and its people for our achievements of the past 14 years."

"Touchwood is the pioneer of the agro-forestry investment industry in Sri Lanka. We are a company that specializes in the cultivation of high value exotic tropical timbers such as Mahogany, Vanilla, Sandalwood, Teak and other cash crops as an alternative and sustainable source of forest products.

"Our core business concept primarily revolves around environmental conservation with our vision being 'To help stop the destruction of our precious rainforests.

"Our natural forests are under constant threat of destruction and the threat is escalating with the increase of the necessity of land for development and timber for building and other various purposes. Touchwood's role in providing managed and sustainable alternatives contributes to saving old growth forests from destruction. A world where forest products are obtained from sustainable managed agro-forestry leaving our natural forests just as nature intended them to be is our vision.

"During 14 years of action and foresight, Touchwood Investments has grown in stature and global presence, and has proudly shown the promise of a good harvest to all those who have placed their trust in the credibility, integrity and capability of the company," Maloney said.

"Join with Touchwood and help preserve our natural forests and forest products for our children so they may also see and share our vision," Maloney said in conclusion.

Touchwood is a Quoted, Public Company listed on the CSE, with 100% Asset-Backed Investments.

All plantations are BOI and Forest Department approved with 2800 Acres across the country, recipient company in South Asia of the first ISO 9001 and 14001 Certificated.

Being in possession of Social Accountability Certificate SA 8000, Touchwood acquires a B Grade from RAM Ratings. Recipients of National Quality Circle Award 2010 and has a 60% increase in brand value with downstream processing facilities established.

Awarded the Certificate of Compliance by the Chartered Institute of Accountants at 2010 Annual Report Awards and with a dedicated R&D laboratory. Touchwood has assets of over Rs. 6.2 billion.