Business
ZK International Starts to Supply to One of China's Largest Distributors of Gas, ENN Energy, with an Estimated Total Sales Amount of USD $12.5 Million
WENZHOU, China, Sept. 7, 2021 /PRNewswire/ -- ZK International Group Co., Ltd. (Nasdaq: ZKIN) ("ZKIN", "ZK International" or the "Company"), is pleased to
About this update from Zk International Group Co., Ltd
[{"type":"text","content":"\n WENZHOU, China, Sept. 7, 2021 /PRNewswire/ -- ZK International Group Co., Ltd. (Nasdaq: ZKIN) (\"ZKIN\", \"ZK International\" or the \"Company\"), is pleased to announce that the Company has started to supply pressed-type carbon steel pipeline to ENN Energy Holdings Limited (\"ENN\"), one of the largest clean energy distributors in China with an estimated total sales amount of USD $12.5 Million based on the estimated size of gassing projects ENN is engaging and estimated proportion ENN seeks to supply from the Company. The Company announced it was approved by ENN as a Qualified Stainless Steel Gas Pipe Supplier in May 2021, and now the Company has agreed with ENN on its procurement plan and started to supply for ENN's gassing infrastructure projects. \n\n \n \n \n \n \n \n\n \nIn 2020, China's Ministry of Ecology and Environment proposed to replace coal with clean energy for the heating systems of 7.09 million households in northern provinces, which could boost demand for natural gas and gas piping infrastructure. ENN Energy Holdings Limited, a flagship division of ENN Group, has been engaged in the urban pipeline gas business since 1992. As one of the largest clean energy distributors in China and an integrated energy service provider, it has formed four core businesses through continuous strategic upgrading - natural gas sales, integrated energy services, energy trade, and energy transmission and distribution. \nMr. Jiancong Huang, Chairman and CEO of ZK International, stated, \"We are pleased that ENN has engaged us into its procurement plan, and we are glad to participate in the Clean Energy Initiative which aims to replace coal with clean energy. Over the past few years, we have adopted several national standards to standardize the construction and engineering criteria for the pressed-type carbon steel pipeline system, and we are pleased to see our quality and innovation have been recognized. ENN China strictly enforces a high standard of selecting its gas pipeline suppliers, considering the instances of gas leakage can be fatal. Therefore, ZK's experience and quality of the manufacturing are essential to ENN's commitment to adopting more carbon steel piping systems in its future residential gas pipeline projects from ZK. We believe as the Clean Energy Initiative starts to roll out across all northern cities of China, we...