IT Tech Packaging Launches Its Second Tissue Production Line in North China

IT Tech Packaging, Inc., a leading manufacturer and distributor of diversified paper products in North China, has announced the commercial launch of a new tissue paper production line (the PM 9 production line), following the success of its trial production, the receipt of its disposed wastewater discharge permits and construction completion acceptance from Chinese environmental authorities

"We are delighted that all of the planned tissue paper production lines – PM 8 and PM 9 -- have been launched and operational. In addition to the existing packaging and cultural paper services, we have eventually completed our own production lines of tissue paper products, we expect continued revenue stream will be generated from our tissue paper products as capacities of the new production lines gradually released in the next couple months. As we anticipate China's tissue paper market will continue its growth in 2020, we are actively diversifying our products portfolio as attempting to bring value-added products and cutting-edge equipment, and continuing restructure our raw materials and technologies to catering to the consumption upgrade of domestic market," said Zhenyong Liu, chairman and CEO, IT Tech Packaging.

Founded in 1996, IT Tech Packaging is a leading manufacturer and distributor of diversified paper products in North China. Using recycled paper as its primary raw material (with the exception of its tissue paper products), ITP produces and distributes three categories of paper products: corrugating medium paper, offset printing paper and tissue paper products. With production based in Baoding and Xingtai in North China's Hebei Province, ITP is located strategically close to the Beijing and Tianjin region, home to a growing base of industrial and manufacturing activities and one of the largest markets for paper products consumption in the country. ITP has been listed on the NYSE MKT since December 2009.

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