BEIJING, Jan. 19, 2023 (GLOBE NEWSWIRE) — Huadi International Group Co., Ltd. (“HUDI” or the “Company”) (NASDAQ: HUDI), a leading designer and manufacturer of industrial seamless stainless steel tubing. announced the signing of a strategic cooperation agreement (the “Agreement”) with China Universal Engineering Co., Ltd. ), the third largest oil and gas company in the world. HUDI has been awarded and nominated as the world’s leading supplier of seamless stainless steel pipes.
Under the agreement, HUDI will supply seamless stainless steel pipe to Universal and its subsidiaries as part of the procurement process for Universal’s contracted construction projects.
Mr. Wang Di, chairman of the company, said: “The new partnership with Universal is a recognition of our superior products, technology and quality, as well as our ability to complete large-scale projects to meet the critical needs of the global economy. Leading oil and gas companies PetroChina and others Our successful track record proves the value of our leading product supply and dealer network in the industry, and builds customer confidence in our ability to consistently deliver the highest quality products. become. Confession. We are very excited about this opportunity at the beginning of 2023 and will continue this momentum.”
Huadi International Group Co., Ltd. is a leading manufacturer of industrial seamless pipes and stainless steel pipe products with extensive distribution facilities and networks in more than twenty provinces in China and the international pipe industry. Products are widely exported to twenty countries and regions, including the United States, Mexico, Thailand, Australia, Argentina, Taiwan, India, the Philippines, the United Arab Emirates and Canada. The products are widely used in oil and gas transportation, chemical engineering, food processing, medical equipment, aerospace, boilers, water conservancy construction, electric power, automobiles, ships, paper making, machinery and other industries.
This press release contains forward-looking statements under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements about plans, objectives, objectives, strategies, future events or performance, as well as underlying assumptions and other statements that are not statements of historical fact. When the Company uses words such as “may”, “will”, “intends”, “should”, “believes”, “expects”, “anticipates”, “projects”, “evaluates” or similar expressions that are not merely historically significant What matters 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; the future development of the company’s business; financial position and operating results; demand and acceptance of products and services; reputation and brand; competition and implications pricing, changes in technology, government regulations, fluctuations in general economic and business conditions in China, and assumptions associated with any of the foregoing and other risks contained in the Company’s SEC filings. For these reasons, investors are warned not to place too much reliance on any of the forward-looking statements in this press release.
Post time: Jul-11-2023