Business
Huadi International Group Co., Ltd. Has Entered into Strategic Partnership with China Huanqiu Contracting & Engineering Co., Ltd. on Stainless Steel Seamless Pipe Supply
BEIJING, Jan. 19, 2023 (GLOBE NEWSWIRE) -- Huadi International Group Co., Ltd. (“HUDI” or the “Company”) (NASDAQ: HUDI), a leading developer and manufacturer
About this update from Huadi International Group Co., Ltd.
[{"type":"text","content":"BEIJING, Jan. 19, 2023 (GLOBE NEWSWIRE) -- Huadi International Group Co., Ltd. (“HUDI” or the “Company”) (NASDAQ: HUDI), a leading developer and manufacturer of industrial stainless steel seamless pipes and tubes products in China, today announced that the Company has entered into strategic partnership agreement (the “Agreement”) with China Huanqiu Contracting & Engineering Co., Ltd. (“Huanqiu”), a construction contractor of China National Petroleum Corporation (“CNPC”), the world’s third largest oil and gas company. HUDI has been awarded and nominated as Huanqiu’s first-tier supplier of stainless steel seamless pipes and tubes. Pursuant to the Agreement, HUDI will supply stainless steel seamless pipes and tubes to Huanqiu and its affiliated subsidiaries as part of Huanqiu’s procurement process for contracted construction projects. Mr. Di Wang, Chairman of the Company commented: “The new engagement with Huanqiu is an award in recognition of our outstanding product, technology and quality and ability to carry out large-scale projects that address the critical need by world’s leading oil and gas companies such as CNPC. Our successful track record demonstrating the value of our advanced product supply and dealer network within the industry increases clients’ confidence in our ability to consistently deliver the best quality products. This Agreement has earned us recognition as a large-scale stainless steel seamless pipes and tubes projects supplier. We are extremely excited about this opportunity at the beginning of 2023 and will keep the momentum going.” About Huadi International Group Co., Ltd. Huadi International Group Co., Ltd. is a leading manufacturer of industrial stainless steel seamless pipes and tubes products with extensive distribution facilities and network for over twenty provinces in China and across international steel pipes industry. It offers a broad range of products exported to twenty countries and regions such as United States, Mexico, Thailand, Australia, Argentina, Taiwan, India, the Philippines, UAE and Canada. Its products are widely used in the oil & gas transmission, chemistry engineering, food processing, medical devices, aeronautics and astronautics, boiler, irrigation works construction, electricity, automobile, naval architecture, paper mill and mechanical industries. For more information about the Co...