Armco Metals Holdings, Inc. (AMCO) Inks Agreement with Chile Supplier for Woodchips Purchase
Today before the opening bell, Armco Metals announced its subsidiary, Armco Metals International, Inc., has inked an agreement with a Chilean supplier for a woodchips purchase. The agreement was initiated on Tuesday, September 9, 2014. The development was the culmination of Armco Metals’ efforts to add woodchips to its trading business line portfolio. The agreement calls for Armco International to purchase a trial shipment of around 50,000 green metric tons (±10%) of Eucalyptus Nitens woodchips from the supplier. Should this trial shipment prove successful, Armco International will move onto a one-year total importation of 550,000 to 600,000 green metric tons.…