BAODING, China, April 15, 2020 /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 it is in the process of launching a production
line to produce face masks. Once completed, the Company will be
able to produce approximately 100,000 face masks per day. The face
masks will be distributed by various channels to public and
healthcare workers battling the spread of COVID-19. The Company has
received some orders from several customers. The Company expects to
begin producing masks in the week of April
20, 2020.
Mr. Zhenyong Liu, the CEO and Chairman of the Company
commented, "The demands for protective gear continue to increase
due to COVID-19. Notwithstanding China's having made significant progress in
limiting the spread of the virus, individuals have to continue taking
necessary health and safety measures, as required by the healthcare
authorities in China. Given the
situation, we expect a large quantity of face masks will be needed
for the public and for workers in different industries for an
extended period of time. We hope our face masks will help our
customers follow government guidance on health and safety measures
during the Covid-19 pandemic. I am grateful for our teammates'
quickly preparing the launch of the production line and we are
closely following public health guidance and guideline for
sanitation to start production of the face masks."
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 0312 8698215
Investor Relations:
Janice Wang
EverGreen Consulting Inc.
Email: ir@changqingconsulting.com
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SOURCE IT Tech Packaging, Inc.