wood imports

Woodworking Industry News

CEO sells $30 million sawmill and laminate wood flooring factories for $1

The CEO of a company that plans to ship wood from Africa to the United States and use a patent-pending CO-Tech system to dry the lumber in route has sold his sawmill and laminate wood flooring facilities, valued at $30 million, for $1. Caravelle International Group, a global ocean technology company, announced that the Company's CEO Dr. Guohua Zhang has sold Penxing Gabon SARL to Caravelle.