Agarwood

After two decades of accomplishments in Sri Lanka’s commercial forestry industry, Sadaharitha Group is regarded as the pioneer of the increasingly popular Agarwood forestry industry. It is the first ever Agarwood investment company in the history of the nation to have granted cash benefits to its investors, and even doubled the amounts foreseen. With a total area of 1,300+ acres of Agarwood forestry, and with over 30 estates across the island it is the largest Agarwood Nursery in the South East Asia.

Sadaharitha Group not only exports Agarwood, which is used as an ingredient to produce the world’s most expensive perfumes, but has also launched its own brand of Sri Lankan perfumes in local and international markets. This is a move that has revolutionized the Sri Lankan perfume industry and enabled Sadaharitha to increase their presence in the global markets. Their extraction and chips manufacturing factory in Ingiriya provides the ability to process the highest quality Agarwood oil from their own forests, as well as to produce Agarwood chips for use in perfumes and other products. With its reliable customer base, a strong economic foundation, and a secure production supply chain, Sadaharitha Agarwood is an attractive and trusted investment opportunity.

Agarwood Plantation

Dark colour fragrant resin produced by certain plant members of the Thymaleaceae family. Most commonly, the resin is known as Agarwood, Aloes wood, Eaglewood, Gaharu, Agalocha or Oudh (In Arabic).

Suitability

The plant can grow on a wide range of soils. Seedlings of most species establish best in shady, moist conditions. Although sometimes matured, adult trees have emerged in forests with the ability to fully withstand the sun. Some species can be found growing on steep, rocky, exposed slopes, and in regions that experience a hot, dry season. In Sri Lanka low country wet zone has proven suitable for Aquilaria plantations.

Use of Agarwood

Agarwood is a billion dollar industry, in which the ever increasing price is attributed to the constantly growing demand in larger markets such as Middle- East, China, USA and Europe for chips, oil, carvings and incense products. Additionally, Chinese medicine uses powdered Aquilaria as a treatment for cirrhosis of the liver and for other medicines. It has also been used as a treatment for lung and stomach tumors.

Why Is Agarwood Expensive?

Low yield from plant material, typical and labour intensive process of extraction, high demand and supply gap are a few reasons for the high costing of Agarwood oil. Another reason for Agarwood to be expensive is the threat of becoming endangered. The most important resin-producing species of Aquilaria are protected worldwide under the CITES (The Convention on International Trade in Endangered Species of Wild Fauna and Flora) convention as well as by the World Conservation Union, IUCN.