Caravelle International Group announced it has signed a supply agreement with South African company Best Polystyrene. Over the next two years, Caravelle will supply 50,000 cubic meters of wood from its processing facility in Gabon, West Africa, with an estimated revenue of $25 million. Caravelle will ship the wood products from Gabon, and in line with its innovative practices, will use its proprietary CO-Tech system to dry the wood in transit, offering significant cost savings and reducing lead times.

The wood will then be delivered directly to Best Polystyrene in South Africa. Caravelle International Group continues to reinforce its commitment to innovative, efficient, and sustainable practices in all its operations.