Huadi International Group Co., Ltd. Awarded RMB 20.7 Million Stainless Steel Seamless Pipe Order Contracts
April 09 2021 - 7:30AM
Huadi International Group Co., Ltd. (“HUDI” or the “Company”)
(NASDAQ: HUDI), a leading developer and manufacturer of industrial
stainless steel seamless pipes and tubes products in China, today
announces that the Company was recently awarded stainless steel
seamless pipe order contracts that worth RMB 20.65 million
(approximately US $3.2 million) after winning the bid for a mining
project in Gansu province, China.
HUDI will supply stainless steel seamless pipes with a total
value of RMB 20.65 million for a mining project operated by a
leading China state-owned energy facilities construction firm. The
pipes will be used for transferring fluid substance and for
ventilation-related functions.
Mr. Di Wang, Chairman of the Company, commented: “We continue to
supply high standard products to our long-term partners and we
expect that our relationships with existing and prospect clients
will become even better developed as HUDI builds its reputation of
possessing advanced technology and great quality products through
its dedication to innovation and precision.”
About Huadi International Group Co., Ltd.
Huadi International Group Co., Ltd. is a leading manufacturer of
industrial stainless steel seamless pipes and tubes products with
extensive distribution facilities and network for over twenty
provinces in China. It also has a big presence across international
steel pipes industry, offering a broad range of products exported
to twenty countries and regions such as United States, Mexico,
Thailand, Australia, Argentina, Taiwan, India, the Philippines, UAE
and Canada. Its products are widely used in the oil & gas
transmission, chemistry engineering, food processing, medical
devices, aeronautics and astronautics, boiler, irrigation works
construction, electricity, automobile, naval architecture, paper
mill and mechanical industries. For more information about the
Company, please visit: http://www.huadi.cc.
Forward-Looking Statement
This press release contains forward-looking statements as
defined by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements that are other than
statements of historical facts. When the Company uses words such as
“may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,”
“project,” “estimate” or similar expressions that do not relate
solely to historical matters, it is making forward-looking
statements. Specifically, the Company’s statements regarding
trading on the NASDAQ Capital Market and closing the initial public
offering are forward-looking statements. Forward-looking
statements are not guarantees of future performance and involve
risks and uncertainties that may cause the actual results to differ
materially from the Company’s expectations discussed in the
forward-looking statements. These statements are subject to
uncertainties and risks including, but not limited to, the
following: the Company’s goals and strategies; the Company’s
future business development; financial condition and results of
operations; product and service demand and acceptance; reputation
and brand; the impact of competition and pricing; changes in
technology; government regulations; fluctuations in general
economic and business conditions in China and assumptions
underlying or related to any of the foregoing and other risks
contained in reports filed by the Company with the SEC. For
these reasons, among others, investors are cautioned not to place
undue reliance upon any forward-looking statements in this press
release. Additional factors are discussed in the Company’s filings
with the SEC, which are available for review at www.sec.gov. The
Company undertakes no obligation to publicly revise these
forward‐looking statements to reflect events or circumstances that
arise after the date hereof.
For more information, please contact:
The Company:
IR Department
Email: IR@huadigroup.com
Investor Relations:
Dong Cao, CFA
EverGreen Consulting Inc.
Email: IR@changqingconsulting.com
Phone: +86 13502048965
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