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IT Tech Packaging, Inc. Returns to Production Following the Strict Measures for the Control and Prevention of Covid-19

BAODING, China (News release) -- IT Tech Packaging, Inc. , a manufacturer and distributor of diversified paper products in North China, on March 10 announced that the Company have resumed 70% of its full capacity of production as of March 5, 2020, following the strict measures put in place for the control and prevention of the Covid-19 spread. The Company expects to resume the rest of the production in the next couple days.

To meet the increasing public demand for household tissue paper, the Company immediately made its sufficient inventories available to increase its paper products supply after the outbreak of Covid-19. In addition, the Company donated tissue paper products and epidemic prevention products to support quarantine officers and healthcare personnel battling against Covid-19 in the region where the Company situated.

Mr. Zhenyong Liu, the CEO and Chairman of the Company, commented," As the epidemic is almost controlled over the country, our productions and operations are back on track at full speed. We deeply express our respect and gratitude to the quarantine officers and healthcare personnel fighting against the Covid-19, and believe that the epidemic has limited impact on our business due to efficient and active control and prevention measures taken by Chinese government. Despite a challenging start of the 2020, we still believe that our business such as corrugated medium paper production will be steadily improved as it benefits from the Guidance On Speeding Up The Transformation and Development Of China's Packaging Industry issued by the Ministry of Commerce of the Ministry of Industry and Information Technology (MITT), according to which China will be the largest packaging consumption and manufacture market with a leading growth rate above the global average level."


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