Garment 10 produces medical face masks for exports

The Garment 10 Corporation Joint Stock Company has been investing in producing medical face masks as well as cloth masks with ten production lines being installed, said Director Than Duc Viet.

garment 10 produces medical face masks for exports hinh 0
Garment 10 gives out cloth face masks for free. The Garment 10 Corporation Joint Stock Company is now investing in producing medical face mask. (Photo: vinatex.com.vn)

Viet said the medical face mask M10 Pro would be introduced on April 15.

He also added Garment 10 had received an export order for 400 million medical face masks worth US$52 million.

This order would make up for 30% of the company's estimated revenue this year.

The company has also received orders for 20 million cloth masks from a US partner and two million cloth masks and six million medical face masks from a German partner.

Garment 10 has switched to medical masks to cope with a fall in orders due to the impacts of the COVID-19 pandemic which was estimated at 30% in April and 60% in May and June.

During the past month, Garment 10 produced 5 million cloth masks, earning a revenue of VND35 billion (US$1.5 million).

The company is working on three scenarios for its business in 2020. In the best scenario in which the COVID-19 pandemic was over in April, the company would see a fall of 11.05% in revenue and 20% in pre-tax profit.

In the worst scenario, the company’s revenue would drop by 26% in revenue and 39% in profit.

VNA