Business
ZK International Group Co., Ltd. Approved as a Key Supplier to China's Top 5 Commercial Real Estate Enterprise
WENZHOU, China, Oct. 22, 2020 /PRNewswire/ -- ZK International Group Co., Ltd. (ZKIN) ("ZK International" or the "Company"), a designer, engineer,
About this update from Zk International Group Co., Ltd
[{"type":"text","content":"WENZHOU, China, Oct. 22, 2020 /PRNewswire/ -- ZK International Group Co., Ltd. (ZKIN) (\"ZK International\" or the \"Company\"), a designer, engineer, manufacturer, and supplier of patented high-performance stainless steel and carbon steel pipe products primarily used for water and gas supplies, today announced that the Company has been approved as a Qualified Supplier for the Suning Real Estate Co., Ltd (\"Suning Real Estate\"), which in 2019, Suning Real Estate ranked among the TOP 5 of China's Top 100 Commercial Real Estate Enterprises, the TOP 20 of China's Most Valuable Real Estate Brands and the TOP 50 of China's Top 100 Chinese Real Estate Enterprises. \nOn October 19, 2020, the Company was approved as a Qualified Supplier for Suning Real Estate, which now gives the Company the ability to increase its order flow by being able to supply stainless steel piping products to all of Suning's projects across China. The subsidiaries of Suning Real Estate are free to order products from the Company with no need to do their own assessment. Suning Real Estate's development plan is to build 50 Suning Plazas, 300 Suning.com Plazas and 100 luxury hotels in the future.\nCurrently there are only three stainless steel piping companies, which includes ZKIN, which have been vested and qualified to supply the projects of Suning Real Estate. \nMr. Jiancong Huang, Chairman and Chief Executive Officer of ZK International, commented, \"The potential to increase revenue with this strategic partner is an indication of ZK's financial future and its ability to be one of the most reputable stainless steel piping companies in China. For 18 years, Suning Real Estate has established itself as one of the leading real estate developers in China, especially in the commercial real estate sector. We are pleased to leverage our technological know-how with the Suning Real Estate partnership by assisting in its piping infrastructure of its real estate projects across China. As we explore the potential opportunities this partnership brings the Company, we are excited that with broader cooperation with Suning Real Estate, we are optimistic that a mutually beneficial relationship can be developed between the two companies.\"\nAbout Suning Real Estate Co., Ltd\nSuning Real Estate, the owner and management platform of properties of Suning smart retail outlets and sc...