BAODING, China (News release) -- IT Tech Packaging, Inc. announced the commercial launch of a new tissue paper production line (the "PM9 Production Line"), following the success of its trial production, the receipt of its disposed wastewater discharge permits and construction completion acceptance from Chinese environmental authorities. Until now, the Company has its two tissue paper production lines PM8 and PM9 operational.
"We are delighted that all of the planned tissue paper production lines, PM8 and PM9, have been launched and operational. In addition to the existing packaging and cultural paper services, we have eventually completed our own production lines of tissue paper products, we expect continued revenue stream will be generated from our tissue paper products as capacities of the new production lines gradually released in the next couple months. As we anticipate China's tissue paper market will continue its growth in 2020, we are actively diversifying our products portfolio as attempting to bring value-added products and cutting-edge equipment, and continuing restructure our raw materials and technologies to catering to the consumption upgrade of domestic market", said Mr. Zhenyong Liu, Chairman and Chief Executive Officer of IT Tech Packaging.
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