IT Tech Packaging, Inc. Provides Updates on Tissue Paper Production - Global Paper Money

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IT Tech Packaging, Inc. Provides Updates on Tissue Paper Production

BAODING, China (News release) -- IT Tech Packaging, Inc. announced that its tissue paper production lines are now running at full production capacity to fulfill orders. The average selling price of tissue paper increased 8% from USD $836 per tonne to USD $903 per tonne in the first quarter, resulting from growing demand because of Covid-19.

Mr. Zhenyong Liu, the CEO and Chairman of the Company commented, "After a short delay of production due to Covid-19 restrictions, we have experienced increasing market demand and orders for tissue paper products. We anticipate that this trend will carry over to the second quarter and more sales will be generated from our tissue paper products during the first quarter of 2020."

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