Wenzhou, China, April 9, 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, as well as pipe products in China, today announced that after winning a bid for a mining project in China’s Gansu Province, the company recently won an order for stainless steel seamless pipes worth 20.65 million yuan (approximately US$3.2 million).
HUDI will provide stainless steel seamless pipes with a total value of RMB 20.65 million for a mining project operated by China's leading state-owned energy facility construction company. These pipes will be used to transport fluid substances and functions related to ventilation.
The chairman of the company, Mr. Wang Di, commented: “We will continue to provide our long-term partners with high-standard products. We hope that as HUDI builds its reputation for advanced technology, our relationship with existing and potential customers will be better. Good development. Committed to innovative and precise technology and high-quality products."
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 complete range of products, exported to more than 20 countries and regions including 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. Important when the company uses words such as "may", "will", "intend", "should", "believe", "anticipate", "expect", "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 a guarantee 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 filing with the US Securities and Exchange Commission, which is available on www.sec.gov. The company assumes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that occur after the date of this agreement.
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