BAODING, China, Jan. 12, 2021 /PRNewswire/ -- IT Tech
Packaging, Inc. (NYSE MKT: ITP) ("IT Tech Packaging" or "the
Company"), a leading manufacturer and distributor of
diversified paper products in North
China, today announced it is applying the license for its
new single-use surgical masks from local food and drug
administration in Hebei province
amid strong market demands. The license is expected to be gained at
the end of this month. At the meantime, production of its
single-use face masks is now in full capacity as the number of
confirmed Covid-19 cases surged again and anti-Covid-19 efforts
become increasingly normalized globally. Launched in April,
2020, the single-use face mask production line produces 100,000
masks per day with an estimated gross margin of roughly 40%.
About IT Tech Packaging, Inc.
Founded in 1996, IT Tech Packaging, Inc. is a leading
manufacturer and distributor of diversified paper products in
North China. Using recycled paper
as its primary raw material (with the exception of its tissue paper
products), ITP produces and distributes three categories of paper
products: corrugating medium paper, offset printing paper and
tissue paper products. With production based in Baoding and Xingtai
in North China's Hebei Province, ITP is located strategically
close to the Beijing and
Tianjin region, home to a growing
base of industrial and manufacturing activities and one of the
largest markets for paper products consumption in the country. ITP
has been listed on the NYSE MKT since December 2009.
Safe Harbor Statements
This press release may contain forward-looking statements.
These forward-looking statements involve inherent risks and
uncertainties that could cause actual results to differ materially
from those projected or anticipated, including risks outlined in
the Company's public filings with the Securities and Exchange
Commission, including the Company's latest annual report on Form
10-K. All information provided in this press release speaks as of
the date hereof. Except as otherwise required by law, the Company
undertakes no obligation to update or revise its forward-looking
For more information, please contact:
At the Company
Tel: +86 0312 8698215
EverGreen Consulting Inc.
SOURCE IT Tech Packaging, Inc.