Tantech Holdings Ltd Establishes New U.S.-Based Subsidiaries
Tantech Holdings (NASDAQ: TANH) has announced the establishment of two new U.S. subsidiaries: Gohomeway Inc and Gohomeway Group Inc. These subsidiaries aim to support growing overseas demand and expand the company's presence in the green building materials sector. With over 20 years of experience in formaldehyde-removal carbon products for construction and renovation materials, Tantech plans to implement a wholesale distribution strategy for branded green building materials and establish a franchise system in the U.S. market. Operations have already begun, with revenue generation targeted for 2025.
Tantech Holdings (NASDAQ: TANH) ha annunciato l'istituzione di due nuove filiali negli Stati Uniti: Gohomeway Inc e Gohomeway Group Inc. Queste filiali mirano a supportare la crescente domanda dall'estero e ad espandere la presenza dell'azienda nel settore dei materiali da costruzione ecologici. Con oltre 20 anni di esperienza nei prodotti a base di carbonio per la rimozione del formaldeide destinati a materiali per costruzione e ristrutturazione, Tantech prevede di attuare una strategia di distribuzione all'ingrosso per materiali da costruzione verdi a marchio e di stabilire un sistema di franchising nel mercato statunitense. Le operazioni sono già iniziate, con un obiettivo di generazione di entrate previsto per il 2025.
Tantech Holdings (NASDAQ: TANH) ha anunciado el establecimiento de dos nuevas subsidiarias en EE. UU.: Gohomeway Inc y Gohomeway Group Inc. Estas subsidiarias tienen como objetivo apoyar la creciente demanda del extranjero y expandir la presencia de la empresa en el sector de materiales de construcción ecológicos. Con más de 20 años de experiencia en productos de carbono para la eliminación de formaldehído destinados a materiales de construcción y renovación, Tantech planea implementar una estrategia de distribución al por mayor para materiales de construcción verdes de marca y establecer un sistema de franquicias en el mercado estadounidense. Las operaciones ya han comenzado, con un objetivo de generación de ingresos previsto para 2025.
탄테크 홀딩스 (NASDAQ: TANH)는 미국에 두 개의 새로운 자회사를 설립했다고 발표했습니다: 고홈웨이 주식회사와 고홈웨이 그룹 주식회사. 이 자회사는 해외의 증가하는 수요를 지원하고 회사의 친환경 건축 자재 부문에서의 존재감을 확장하는 것을 목표로 합니다. 건설 및 리노베이션 자재에 대한 포름알데히드 제거 탄소 제품 분야에서 20년 이상의 경험을 보유한 탄테크는 브랜드 친환경 건축 자재의 도매 유통 전략을 실행하고 미국 시장에서 프랜차이즈 시스템을 구축할 계획입니다. 이미 운영이 시작되었으며, 2025년까지 수익 창출을 목표로 하고 있습니다.
Tantech Holdings (NASDAQ: TANH) a annoncé l'établissement de deux nouvelles filiales aux États-Unis : Gohomeway Inc et Gohomeway Group Inc. Ces filiales visent à soutenir la demande croissante à l'étranger et à étendre la présence de l'entreprise dans le secteur des matériaux de construction écologiques. Fort de plus de 20 ans d'expérience dans les produits à base de carbone pour l'élimination du formaldéhyde destinés aux matériaux de construction et de rénovation, Tantech prévoit de mettre en œuvre une stratégie de distribution en gros pour des matériaux de construction écologiques de marque et d'établir un système de franchise sur le marché américain. Les opérations ont déjà commencé, avec un objectif de génération de revenus fixé pour 2025.
Tantech Holdings (NASDAQ: TANH) hat die Gründung von zwei neuen Tochtergesellschaften in den USA bekannt gegeben: Gohomeway Inc und Gohomeway Group Inc. Diese Tochtergesellschaften sollen die wachsende Nachfrage aus dem Ausland unterstützen und die Präsenz des Unternehmens im Bereich der grünen Baustoffe ausweiten. Mit über 20 Jahren Erfahrung in der Formaldehydentfernung durch Kohlenstoffprodukte für Bau- und Renovierungsmaterialien plant Tantech, eine Großhandelsvertriebsstrategie für markenbasierte grüne Baustoffe umzusetzen und ein Franchisesystem auf dem US-Markt zu etablieren. Der Betrieb hat bereits begonnen, und die Umsatzgenerierung ist für 2025 vorgesehen.
- Expansion into U.S. market through two new subsidiaries
- Strategic entry into international wholesale distribution
- Development of franchise system for green building materials
- Planned revenue generation starting 2025
- No immediate revenue impact as operations just starting
- Revenue generation delayed until 2025
Insights
The establishment of U.S. subsidiaries represents a strategic expansion move, but lacks immediate financial impact. While targeting the $105 billion U.S. green building materials market shows potential, several critical factors raise concerns. The timeline for revenue generation starting in 2025 suggests a lengthy path to materialization and the company has provided no specific financial projections or investment details. The franchise system strategy, while promising for scalability, will require significant capital and time to establish brand recognition in a highly competitive market dominated by established players. The company's small market cap of
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Since its focus on the development of formaldehyde-removal carbon products for construction and renovation materials in 2002, Tantech has been engaged in the green building materials sale and development business for over 20 years. The company is now expanding its business in the
Tantech's CEO, Mr. Wangfeng Yan, commented "The establishment of the new
About Tantech Holdings Ltd
For the past decade, Tantech has been a highly specialized high-tech enterprise producing, researching and developing bamboo charcoal-based products with an established domestic and international sales and distribution network. Since 2017, when the Company acquired
Forward-Looking Statements
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning the sales, plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulations, and other risks contained in reports filed by the Company with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by this cautionary statement and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
For more information, please contact:
Tantech Holdings Ltd
Investor Relations
Tel: +86 (578) 226-2305
ir@tantech.cn
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SOURCE Tantech Holdings Ltd.
FAQ
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