Business
ZK International Expands its Market to Western China as it Wins a Two Year Procurement Bid to Supply for the Municipal Gas Infrastructure with Guangyuan Natural Gas Supply Group
WENZHOU, China, March 23, 2021 /PRNewswire/ -- ZK International Group Co., Ltd. (Nasdaq: ZKIN) ("ZKIN", "ZK International" or the "Company"), a designer,
About this update from Zk International Group Co., Ltd
[{"type":"text","content":"WENZHOU, China, March 23, 2021 /PRNewswire/ -- ZK International Group Co., Ltd. (Nasdaq: ZKIN) (\"ZKIN\", \"ZK International\" or the \"Company\"), a designer, engineer, manufacturer, and supplier of patented high-performance stainless steel and carbon steel pipe products that require sophisticated water or gas pipeline systems, today announced that the Company has been chosen as a key supplier for Guangyuan municipal natural gas supply infrastructure program and entered into a two-year Strategic Procurement Agreement with Guangyuan Natural Gas Supply Group Co., Ltd. (\"Guangyuan Gas Group\"). \nGuangyuan Gas Group started the selecting process by accepting bids and assessing each bid by various criteria such as production quality, manufacturing capacity, delivery period, and financial liquidity. Of all the companies that were invited to participate in the bidding, ZK International made it to the final approved supplier list. \nMr. Jiancong Huang, Chairman of ZK International, commented, \"We are pleased to be selected as a key supplier for the municipal natural gas infrastructure program amongst several of our competitors during this bidding process as well as to start a new working relationship with Guangyuan Gas Group. We are excited that this two-year procurement agreement, along with other key pending contracts and agreements will allow us to expand our presence to Western China in Guangyuan city.\"\nAbout Guangyuan Natural Gas Supply Group Co., Ltd.\nGuangyuan Gas Group, established in 2017, focuses on gas storage, supply and gas infrastructure construction. Guangyuan Gas Group has a consolidated total assets of approximately 831 million yuan and a total gas line of 3,726 km (approximately 2,315 miles). Guangyuan Gas Group delivers natural gas of 210 million m3 on an annual basis.\nAbout ZK International Group Co., Ltd.\nZK International Group Co., Ltd. is a China-based designer, engineer, manufacturer and supplier of patented high-performance stainless steel and carbon steel pipe products that require sophisticated water or gas pipeline systems. The Company owns 28 patents, 21 trademarks, 2 Technical Achievement Awards, and 10 National and Industry Standard Awards. ZK International is preparing to capitalize on the $850 Billion commitment made by the Chinese Government to improve the quality of water, which in its current...