Business
ReTo Eco-Solutions Subsidiary Begins Construction of New Xinyi City Waste Treatment Center
BEIJING, Sept. 4, 2020 /PRNewswire/ -- ReTo Eco-Solutions, Inc. (the "Company," "we" or "ReTo") (NASDAQ: RETO), a one-stop, total technology solutions
About this update from Reto Eco-solutions, Inc.
[{"type":"text","content":"BEIJING, Sept. 4, 2020 /PRNewswire/ -- ReTo Eco-Solutions, Inc. (the \"Company,\" \"we\" or \"ReTo\") (NASDAQ: RETO), a one-stop, total technology solutions provider for the healthy improvement of ecological environments, today announced that its subsidiary, Xinyi REIT New Material Co., Ltd., has officially commenced construction of a new Xinyi City waste treatment center. ReTo reached an agreement in 2019 with the Xinyi Municipal Government for the project, however, construction of the urban waste treatment facility was delayed due to the COVID-19 pandemic. Xinyi City has consistently ranked in the Top 100 high-quality development index of China's small and medium sized cities for its comprehensive economic strength, green development, investment potential and technological innovation.\nUnder the 5 year agreement, in addition to design, engineering and construction, ReTo will also use its proprietary technologies and handling systems to promote the goal of reducing, recycling and reusing construction waste in the urban area of Xinyi City. This will include leveraging the Company's technical expertise and integrated production equipment, to recycle solid waste into environmentally-friendly paving products, such as pavement bricks, grass-planting bricks, curb stones, imitation stones. Upon completion, it is estimated that the annual processing volume of construction waste will exceed 600,000 tons. \nMr. Li Hengfang, ReTo's Chairman and Chief Executive Officer, commented, \"ReTo's priority is to solve ecological problems, to improve the living environment for residents, and then to provide technical expertise to ensure the greatest return. Our focus on improving the environment through sustainable development, directly aligns ReTo with our customers and the communities they serve. We are excited to start construction on this latest project because it showcases the full breadth of services we offer and illustrates how we can help customers to achieve their environmental goals. We expect the final product of our Xinyi City waste treatment center will be widely used in municipal engineering, road construction, garden landscape, water conservation slope protection and other urban construction, underscoring the sustainable environmental systems and solutions we are developing as we work to achieve a waste-free city.\"\nAbout ReTo Eco-S...