BAODING, China, April 20, 2021 /PRNewswire/ -- IT Tech Packaging,
Inc. (NYSE MKT: ITP) ("ITP" or the "Company"), a leading
manufacturer and distributor of diversified paper products in
North China, today announced the
Company has completed fundamental constructions on its new tissue
paper production line (the "PM10") and is working on the
installation of affiliated equipment.
"Amid robust domestic market demand for tissue paper products
and improved production efficiency, we will continue to expanding
our capacity as we expect to see strong growth from tissue paper
business segment that will greatly boost our overall performance,"
said Mr. Zhenyong Liu, Chairman and
Chief Executive Officer of IT Tech Packaging.
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 American since December 2009. For more information, please
visit: http://www.itpackaging.cn/.
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:
ir@itpackaging.cn
Tel: +86 0312 8698215
Investor Relations:
Janice Wang
EverGreen Consulting Inc.
Email: IR@changqingconsulting.com
Phone: +1 571-464-9470 (from
U.S.)
+86 13811768559 (from China)
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SOURCE IT Tech Packaging, Inc.