RX International Trade (RXI) is being formed to provide high-quality wood products in log, lumber and veneer form to the customers in China and Southeast Asia market. Office space has been leased at 45 Lyme Road, Unit 308, Hanover, NH 03755, effective May 2014. Larger offices and/or a warehouse are anticipated in the future.
RXI will prepare market analysis of the demand for high-quality flooring for the North American market. Based on a favorable result, RXI will begin sell own brand high quality flooring in the North American Market. Achieving diversification of its customer base into North America is seen as a prudent strategy for the long-term sustainability of the company.
The Company is interested in studying the opportunities to acquire recycled plastic in the U.S. for conversion to plastic pellets to increase the supply of pellets for Asian customers. If successful, RXI will consider building a plastic pellet plant in the U.S. to provide additional product to a growing Asian market.