Wenzhou, China, November 1, 2021 (GLOBE NEWSWIRE) - Huadi International Group Co., Ltd. ("HUDI" or "Company") (NASDAQ: HUDI), a leading industrial stainless steel seamless pipe development company Manufacturers and manufacturers and pipe products in China, today announced that the company has recently won an order contract for stainless steel seamless pipes totaling US$3.26 million.
According to the contract, HUDI will supply a total of 3.26 million US dollars of square cut and bevel seamless or electrofusion welded austenitic stainless steel to a global leader in the manufacturing and distribution of critical application fittings, flanged pipes and pipe fittings based in the United States. Tube. Related Products.
The chairman of the company, Mr. Wang Di, commented: “These new contracts are exciting news for us, because we will continue to provide high-standard products to our long-term partners at home and abroad. With our expertise in industrial pipe manufacturing With knowledge and proficiency, we expect that as we focus on precision and quality to expand our business, our relationship with existing and potential customers will develop better, which makes us the perfect partner to support the needs of global customers. "
About Huadi International Group Co., Ltd.
Huadi International Group Co., Ltd. is a leading manufacturer of industrial stainless steel seamless pipe products, with extensive distribution facilities and networks in more than 20 provinces in China. It also occupies an important position in the international steel pipe industry, with a wide range of products, exported to more than 20 countries and regions such as the United States, Mexico, Thailand, Australia, Argentina, Taiwan, India, the Philippines, the United Arab Emirates, and Canada. Its products are widely used in oil and gas transportation, chemicals, food processing, medical equipment, aerospace, boilers, water conservancy construction, electric power, automobiles, shipbuilding, papermaking, machinery and other industries. For more company information, please visit: http://www.huadi.cc.
This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements about plans, goals, objectives, strategies, future events or performance, and basic assumptions and other statements that state historical facts. It is important when the company uses words such as "may", "will", "intend", "should", "believe", "anticipate", "anticipate", "project", "estimate" or similar expressions that have nothing to do with history Yes, it is making forward-looking statements. Specifically, the company's statements regarding the NASDAQ Capital Market transaction and the completion of 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 actual results to differ materially from the company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainty and risks, including but not limited to the following: the company's goals and strategies; the company's future business development; financial status and operating performance; demand and acceptance of products and services; reputation and brand; competition And the impact of pricing; technological changes; government regulations; fluctuations in China’s general economic and commercial conditions, and any potential or related assumptions contained in the company’s report to the US Securities and Exchange Commission. For these reasons, including reminding investors not to rely too much on any forward-looking statements in this press release. Other factors are discussed in the company's filings with the SEC, which are available on www.sec.gov. The company assumes no obligation to publicly modify these forward-looking statements to reflect events or circumstances that occur after the date of this agreement.
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