On August 30th, a reporter from China Securities Journal learned from Chengdu Information Technology Co., Ltd. (referred to as "CIT") that its wholly-owned subsidiary, Retek Technology, has obtained an order from Inno-IT company, and the products will once again be sold to South Korea.
According to reports, as both domestic and international tobacco markets have increasingly strict requirements for the quality of cigarette production, the technical demands for tobacco testing instruments have continued to rise. However, the current market for tobacco testing instruments is characterized by low accuracy, limited availability, and high prices. Ruituo Technology is a well-known domestic provider of tobacco physical testing equipment. Their tobacco testing instruments are known for their high accuracy, superior quality, and wide range of varieties. Some of the indicator parameters have even surpassed similar imported instruments, giving Ruituo Technology a relatively high market share in China. Furthermore, their products have been exported to countries such as Russia, Indonesia, North Korea, Cambodia, and South Korea.
RuiTuo Technology's smart physical detection solution for the tobacco industry, unveiled at the Bulgaria International Tobacco Exhibition on May 18, 2022, has garnered considerable attention. This collaboration with Inno-IT marks RuiTuo Technology's second order from South Korea since 2006.
China Science Information (中科信息) stated that Rutotech (瑞拓科技) aims to become a "world-class manufacturer of intelligent tobacco industry testing equipment". The company plans to increase research and development efforts as well as investment in the domestic market for tobacco physical testing equipment, while actively expanding into European and Asia-Pacific markets. Rutotech aims to grow and strengthen its brand in the industry.
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