PPE maker Medtecs net profit soars to $175m on higher sales
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Medtecs full-year profit surges to US$131 7m on economies of scale, higher sales
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(FILE PHOTO)
Metro Manila (CNN Philippines, January 29) The Philippines has successfully ramped up its production for personal protective equipment or PPEs, with local manufacturers repurposing their capacities in response to the pandemic, the Trade Department says.
ang mga manufacturers
para kalabanin, para malabanan yung kalaban. In this case, ang kalaban natin, COVID, Trade Secretary Ramon Lopez said during a virtual briefing, noting the country used to experience a shortage in PPEs.
[Translation: Like in wartime, manufacturers are refocused in order to fight the enemy. In this case, our enemy is COVID.]
This led to local manufacturing firms from fields such as electronics and garments to repurpose their facilities and activities to create these. Now, the country is able to produce 80 million face masks and 3.2 million pieces of personal protective equipment per month.