BEIJING, January 19, 2023 (GLOBE NEWSWIRE) — Huadi International Group Co., Ltd. (“HUDI” or the “Company”) (NASDAQ: HUDI), a leading product developer and manufacturer in China, announced today that the company has signed a strategic cooperation agreement (the “Agreement”) with construction contractor China National Petroleum Corporation (“CNPC”) China Universal Engineering Co., Ltd. Major oil and gas companies. HUDI is recognized as a global Tier 1 stainless steel seamless pipe supplier.
Under the agreement, HUDI will supply seamless stainless steel pipes to Huanqiu and its subsidiaries as part of the Huanqiu contract procurement process.
Mr. Wang Di, chairman of the company, commented: “The new cooperation with Huanqiu is a recognition of our outstanding products, technology and quality, as well as our ability to carry out large-scale projects that meet the urgent needs of the global economy. leading oil and gas companies such as PetroChina Our successful track record demonstrates the value of our industry-leading product offering and dealer network, increasing customer confidence in our ability to consistently deliver the highest quality products. We are very excited about this opportunity at the start of 2023 and will keep this momentum going.”
Huadi International Group Co., Ltd. is a leading manufacturer of industrial stainless steel seamless pipes with extensive distribution facilities and a network in more than twenty provinces in China and the international steel pipe industry. It offers a wide range of products for export to twenty countries and regions, including the United States, Mexico, Thailand, Australia, Argentina, Taiwan, India, the Philippines, the United Arab Emirates and Canada. Products are widely used in oil and gas transportation, chemical engineering, food processing, medical equipment, aerospace, boiler, water conservancy construction, electric power, automobile, shipbuilding, paper making, machinery and other industries. For more information about the company, please visit: http://www.huadi.cc.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements about plans, goals, objectives, strategies, future events or performance, as well as assumptions and other statements of historical fact that underlie them. When the Company uses expressions such as “may”, “will”, “intends”, “should”, “believes”, “expects”, “anticipates”, “projects”, “evaluates” or similar expressions, these expressions are not the only what matters only in relation to history is that it makes forward-looking statements. Forward-looking statements are not guarantees of future results and are subject to risks and uncertainties that could cause 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; future development of the company’s business; financial position and operating results; demand and acceptance of products and services; reputation and brand; competition and impact pricing; changes in technology; government regulations; fluctuations in general economic and business conditions in China and the assumptions underlying or associated with any of these and other risks contained in the Company’s filings with the US Securities and Exchange Commission. For these reasons, among other things, investors are cautioned not to place undue reliance on any of the forward-looking statements in this press release. Additional factors are discussed in company filings with the Securities and Exchange Commission, which are available at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances occurring after the date of their publication.
Post time: Jun-06-2023