Huadi International Group Co., Ltd. Awarded $1.95 Million Stainless Pipe Order Contracts
March 03 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 the Company has been awarded RMB 12.45 million
(approximately $1.95 million) stainless pipe order contracts after
winning bids for two chemical-related projects.
HUDI will supply stainless pipes with a total value of RMB 9.74
million for a pyrolysis initiation project of Yulin Chemical Co.,
Ltd. of Shaanxi Coal and Chemical Industry Group Co., Ltd (SHCCIG
Yulin Chemical Co., Ltd.). The project involves construction of
pulverized coal pyrolysis system with 1.2 million tons capacity per
year, catalyst preparation facility with 35,000 tons capacity per
year, suspension bed hydrogenation facility with 500,000 tons
capacity per year and so on.
HUDI will also supply RMB 2.71 million worth of stainless pipes
to Jiangsu Zhongneng Silicon Industry Technology Development Co.,
Ltd., a leading silicon and chemical components manufacturer under
the Hong Kong-listed GCL-Poly Energy Holdings Limited in China for
its cold hydrogenation project.
Mr. Di Wang, Chairman of the Company, commented: “Our winning
bids for the two projects speak to the quality of our pipe products
and the over two decades’ reputation of our technical team in
setting an industry benchmark to provide stainless steel seamless
pipe solutions for leading chemical and industrial companies in
China and worldwide. We are excited about the opportunity to
participate in the projects and we also look forward to growing
this partnerships with SHCCIG Yulin Chemical Co., Ltd. and Jiangsu
Zhongneng Silicon Industry Technology Development Co. We appreciate
for our marketing and technical teams for their dedicated and
diligent efforts to make this happen.”
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 and also with a big presence across
international steel pipes industry. It offers 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
Huadi (NASDAQ:HUDI)
Historical Stock Chart
From Apr 2024 to May 2024
Huadi (NASDAQ:HUDI)
Historical Stock Chart
From May 2023 to May 2024