Business
ReTo Eco-Solutions Resumes Full Production and Business Operations; Company Donates Medical Supplies to Dalii, Yunnan Province
BEIJING, March 16, 2020 /PRNewswire/ -- ReTo Eco-Solutions, Inc. (the "Company," "we" or "Reto") (NASDAQ: RETO), a full spectrum provider of products and
About this update from Reto Eco-solutions, Inc.
[{"type":"text","content":"BEIJING, March 16, 2020 /PRNewswire/ -- ReTo Eco-Solutions, Inc. (the \"Company,\" \"we\" or \"Reto\") (NASDAQ: RETO), a full spectrum provider of products and services, ranging from the production of environmentally-friendly construction materials and manufacturing equipment used to produce construction materials, to project consulting, design and installation, today announced it has resumed full production and business operations now that the spread of the Coronavirus (\"COVID-19\") has been contained in areas where its manufacturing facilities are located, including in the Jiangsu and Hainan Provinces. Reflecting the Company's commitment to social responsibility, it has now donated much needed medical supplies, including 10,000 medical masks to the Dali City of Yunnan Province to help the local government's ongoing COVID-19 mitigation efforts. \nMr. Li Hengfang, ReTo Eco-Solution's Chairman and Chief Executive Officer, commented, \"We put the health and safety of our employees and customers at the forefront, as we implemented measures in full compliance with the Chinese government's public health regulations and policies. This includes frequent and stringent cleaning of all facilities and work spaces, employee health monitoring, staggered work shifts, social distancing and telecommuting. We are fortunate to have had no confirmed instances of employee infections. Importantly, while we have received rigid government inspection and permission to resume full production and business operations, we continue to closely monitor the fluid situation. We stand fully ready to take additional actions as the situation warrants.\" \nMr. Li Hengfang, continued, \"As we move forward with an abundance of caution, we are working to adjust production and delivery schedules to meet the needs of our customers, with added flexibility for customers that have been directly impacted by the COVID-19 virus or by supply chain and logistic delays. We expect the prolonged post-Chinese New Year delay impact on our business will be mitigated with a shift – rather than a loss of – demand as we move through 2020. Along with the recent improvement of the environment in China and move to institute aggressive control and virus mitigation measures worldwide, we have started to see a resumption of both customer orders and prepayments. Adding to our confidence is th...