BAODING, China, Dec. 3, 2019 /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 that the Company and Asia Symbol (Shandong) Pulp and Paper Co. Ltd. ("Asia
Symbol"), which is a pulp paper supplier of the Company, agreed to
further cooperation into aspects of technologies and enterprise
supply chain, based on the existing pulp paper supply cooperation.
Currently, Hebei Tengsheng Paper Co. Ltd. ("Tengsheng Paper"), the
wholly-owned subsidiary of the Company and focusing on
manufacturing and distribution of tissue paper, is executing an
agreement that purchasing pulp paper from Asia Symbol.
The new partnership specifically involves technology exchange
between ITP and Asia Symbol on a regular basis, and ITP's adding
into Asia Symbol's supply chain traceability system to make sure
products' quality and environmental requirements.
Asia Symbol is a leading producer of pulp and paper established
in China in 2005. Using renewable
fibre that is sourced responsibly, Asia Symbol employs the latest
technology to save energy and operate in harmony with the
environment, which the Company is and will be practicing in its
environmental protection cause.
Mr. Zhenyong Liu, Chairman and
Chief Executive Officer of IT Tech Packaging commented, "We believe
the partnership with Asia Symbol which has world-leading
technologies of pulp and paper manufacturing will not only benefit
the sustained supply of pulp paper as raw materials to our tissue
paper products, but also enhance our technologies and product
quality. "
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
statements.
For more information, please contact:
At the Company
Email: ir@itpackaging.cn
Tel: +86 312 8698215
Investor Relations:
Melody Shi, CPA
EverGreen Consulting Inc.
Email: ir@changqingconsulting.com
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SOURCE IT Tech Packaging, Inc.