ITP
IT Tech Packaging·AMEX
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ITP Profile
It Tech Packaging, Inc.
A leading manufacturer and distributor of diversified paper products and single-use face masks in?North China
Paper and Forestry Products
12/09/2005
12/17/2009
American Stock Exchange
383
12-31
Common stock
Science Park, Juli Road, Xushui District, Baoding City, Hebei Province, The People’s Republic of China 072550
Manufacturing and sales of printing paper
Internet Technology Packaging Corporation was incorporated in Nevada on December 9, 2005. Oriental Paper Co., Ltd. is the largest papermaking enterprise in North China. Using recycled paper as its main raw material, the company produces and sells three types of paper: packaging paper (corrugated base paper), offset paper and other types of paper including digital photo paper and household paper. Among them, household paper is the company's current business expansion project. Through its wholly-owned subsidiary, Sidley Holding Co., Ltd., the company controls and operates Baoding Sidley Paper Co., Ltd. (" Sidley Paper ") and Hebei Baoding Dongfang Paper Co., Ltd. (" Dongfang Paper "or" Dongfang Paper "). Oriental Paper is located in Baoding City, Hebei Province, in the golden triangle between Beijing, Tianjin and Shijiazhuang (60 miles from Beijing and Tianjin respectively). The Beijing-Tianjin area is China's cultural center, a growing base of industrial and manufacturing activities, and one of China's largest consumption market for paper products. When Oriental Paper was founded in 1996, it only produced packaging paper. Today, Oriental Paper provides a diversified product portfolio to more than 100 packaging and printing enterprise customers, including various specifications of corrugated base paper and medium and high-grade offset paper. Oriental Paper is located in the Greater Beijing area, which is one of the major paper consumption market in northern China. Due to its environmentally friendly paper production process, Dongfang Paper has become one of the fastest growing paper companies in northern China. Sidley Paper was established in June 2009 and is a wholly-owned subsidiary of the company in China. Sidley Paper acquired two digital photo paper coating production lines, and officially started the production and sales of digital photo paper in March 2010. In June 2016, the company suspended the production of digital photo paper due to low market demand for the company's products, and is currently considering updating the production line to produce more competitive products. The company expects digital photo paper production to remain suspended in the near future. In June 2015, the company started industrial production of household paper products in Weixian Industrial Park. The company purchases household paper base paper from long-term suppliers for processing and produces finished household paper products, which are sold under the ITP brand. The finished products include toilet paper, boxed and flexible packaging tissues, facial tissues and napkins, and bathroom and kitchen paper.
