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Stock impact report

IT Tech Packaging, Inc. Returns to Production Following the Strict Measures for the Control and Prevention of Covid-19

IT Tech Packaging, Inc. (ITP) 
Company Research Source: PR Newswire
BAODING, China, March 10, 2020 /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 have resumed 70% of its full capacity of production as of March 5, 2020, following the strict measures put in place for the control and prevention of the Covid-19 spread. The Company expects to resume the rest of the production in the next couple days.To meet the increasing public demand for household tissue paper, the Company immediately made its sufficient inventories available to increase its paper products supply after the outbreak of Covid-19. In addition, the Company donated tissue paper products and epidemic prevention products to support quarantine officers and healthcare personnel battling against Covid-19 in the region where the Company situated.   Mr. Zhenyong Liu, the CEO and Chairman of the Company, commented," As the epidemic is a Show less Read more
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