ZK International Group Co., Ltd. Provides Update on COVID-19 (Coronavirus) and Pre-Announces Revenues for the First Half of Fiscal Year 2020
ZK International Group Co., Ltd - Ordinary Share (ZKIN)
US:NASDAQ Investor Relations:
ir.zkinternationalgroup.com
Company Research
Source: PR Newswire
WENZHOU, China, April 8, 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, announced today an update regarding the impact of COVID-19 (the "coronavirus") on its operations.After longer than usual shutdowns that spanned much of February due to Chinese New Year holidays and subsequently coronavirus-induced government mandated lockdown order, the production at the Company's manufacturing facilities in Wenzhou City has resumed since early March and has been running at full capacity. The Company experienced increased backlog of orders during the shutdown period and now expects gradual easing of the backlog as its production returns to full capacity. Additionally, ZK International announced that, despite that the Company took a slight hit as fallout from the coronavirus outbre
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