Benzinga | Mar 17, 2021 08:46AM EDT

Huadi International Group Co., Ltd. Awarded $1.6M Stainless Steel Seamless Pipe Order Contracts

Wenzhou, China, March 17, 2021 (GLOBE NEWSWIRE) -- Huadi International Group Co., Ltd. ("HUDI" or the "Company") (NASDAQ:HUDI), a leading developer and manufacturer of industrial stainless steel seamless pipes and tubes products in China, today announces that the Company was recently awarded stainless steel seamless pipe order contracts that worth RMB 10.2 million (approximately $1.6 million) after winning bid for a mining project in China Gansu province.

HUDI will supply stainless steel seamless pipes with a total value of RMB 10.2 million for a mining project operated by a leading China state-owned energy facilities construction firm. The pipes will be used for transferring fluid substance and for ventilation-related functions.

Mr. Di Wang, Chairman of the Company, commented: "Our bid for the project serves as a manifesto of the quality of our pipe products and our reputable technical team. HUDI is dedicated to continuously driving product innovation and aiming for the highest industry quality standard. We are confident that this partnership with an industry leader in China will only be a stepping stone as we reach and expand our client base to reach more and more leading chemical and industrial companies in China and worldwide."