This delivery of hardwood sleepers (railroad ties) represents a small portion - 10 out of 200 total containers - of the entire order fulfillment for Trackwork. The revenues from this delivery, recognized at $122,875, will allow Amazonas to secure more inventory and immediately increase productivity on the remainder of the $2,650,000 purchase order.
"This is a critical step for us in demonstrating large-volume shipments for our longest-standing and largest partner, Trackwork, who has reconfirmed its commitment to fund the rest of the order as quickly as we can produce," said Amazonas CEO Michael Ibar. "We're already working toward this production, but we don't take for granted that this fulfillment marks a significant step in our long-term growth plan, as sleepers, which are a high-yield product abundant in our properties, significantly boost our revenues."
Amazonas Florestal is a diversified forest management company generating profit through innovative, sustainable management of its large tracts of land in the rainforests of Amazonas, Brazil.
