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)Hanoi (VNA) - The Garment 10Corporation Joint Stock Company has been investing in producing medical facemasks as well as cloth masks with ten production lines beinginstalled, said Director Than Duc Viet.
Viet said the medical face mask M10 Prowould be introduced on April 15.
He also added Garment 10 had received anexport order for 400 million medical face masks worth 52 million USD.
This order would make up for 30 percent ofthe company's estimated revenue this year.
The company has also received orders for20 million cloth masks from a US partner and two million cloth masks and sixmillion medical face masks from a German partner.
Garment 10 has switched to medicalmasks to cope with a fall in orders due to the impacts of theCOVID-19 pandemic which was estimated at 30 percent in April and 60 percent inMay and June.
During the past month, Garment 10 produced 5million cloth masks, earning a revenue of 35 billion VND (1.5 million USD).
The company is working on threescenarios for its business in 2020. In the best scenario in which the COVID-19pandemic was over in April, the company would see a fall of 11.05 percent inrevenue and 20 percent in pre-tax profit.
In the worst scenario, the company’s revenuewould drop by 26 percent in revenue and 39 percent in profit./.
VNA
