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Stock impact report

IT Tech Packaging, Inc. Furthers Partnership with Its Pulp Paper Supplier Asia Symbol

IT Tech Packaging, Inc. (ITP) 
Company Research Source: PR Newswire
BAODING, China, Dec. 3, 2019 /PRNewswire/ -- IT Tech Packaging, Inc. (NYSE MKT: ITP) ("IT Tech Packaging" or "the Company"), a leading manufacturer and distributor of diversified paper products in North China, today announced that the Company and Asia Symbol (Shandong) Pulp and Paper Co. Ltd. ("Asia Symbol"), which is a pulp paper supplier of the Company, agreed to further cooperation into aspects of technologies and enterprise supply chain, based on the existing pulp paper supply cooperation. Currently, Hebei Tengsheng Paper Co. Ltd. ("Tengsheng Paper"), the wholly-owned subsidiary of the Company and focusing on manufacturing and distribution of tissue paper, is executing an agreement that purchasing pulp paper from Asia Symbol. The new partnership specifically involves technology exchange between ITP and Asia Symbol on a regular basis, and ITP's adding into Asia Symbol's supply chain traceability system to make sure products' quality and environmental requirements.Asia Symbol is a l Show less Read more
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