In the Woods by Fundecor S.A. (“ITW”) was incorporated in October 2019 as the industrial part of the joint initiative between Fundecor and FCCF, completing the value chains developed by its sister company, Fundecor Bosques. Located in Guanacaste, In the Woods develops products from lesser-known timber species. To date, ITW commercialized solid wood decking and decorative paneling under the brand “FunDecor” and mainly distributed through DIY stores.
In the Woods addresses one of the key supply challenges that sustainable forest management faces by the development of new products and solutions based on native local species. The commercialisation of these lesser known species is relevant to degraded and secondary forests as they are abundant and have the potential to generate economic value as replacement of more commercial but imported alternatives. ITW’s product range is built to optimize yields and use of different quality grades while generating healthy margins.
The company supports local employment and has a very high female employee ratio in total employment – in line with its inclusive business model.
FCCF finances In the Woods by Fundecor through a range of equity and debt instruments.