The world’s leading PPE brand, Medtecs International Corporation Limited (Medtecs), will once again participate in MEDICA in Dusseldorf, Germany on November 14-17 and at Expoprotection in Paris, France through November 15-17, to demonstrate its readiness and strength in coping with new and changing protection demands.
Learn about the surrounding news of Medtecs Group, or what has been accomplished in recent years.
Renowned as one of the world’s three largest nonwovens exhibitions together with the IDEA in USA and ANEX in Asia, INDEX is held once every three years and comprises a total of six categories including: Filtration, Geotextiles & Civil Engineering, Hygiene & Cleaning, Medical: Infection Prevention, Transportation, and Packaging – attracting prominent exhibitors of the nonwovens industry from around the world. More than 730 nonwovens exhibitors from over 43 countries have registered to date and it is expected that the exhibition will attract 12,700 visitors from more than 100 countries. A virtual exhibition will also be made available online for the first time in history to accommodate the pandemic and to engage people who are unable to physically attend.
Apart from offline channels like convenience shops and department stores, the Group also leverages major e-commerce sites such as Alibaba and Amazon to sell its PPE range. “We’re also looking to set up distribution channels across North America, Japan and Europe to extend the reach of our products.”
Shares of Medtecs International Corp., a maker of medical apparel, traded for just a few Singapore cents at the start of the year before the pandemic roiled financial markets. Now they’re up almost 5,000%. Supernormal demand for essential reusable hospital garb, disposable personal protective equipment and workwear helped the Taipei-headquartered company’s net income grow about 100 times in the six months ended June 30 from the previous year. The stock is the top performer for Singapore and among the best in the global health-care supply sector for 2020.
Medtecs Group announced on 11 August 2020 its half-year financial results for the period ended 30 June 2020.The Group’s revenue increased significantly by 390.5% from US$33.2 million in 1H19 to US$162.6 million in 1H20 from increase in demand of personal protective apparels due to the COVID-19 global pandemic; which also raised awareness on healthcare products and led to increase in sales from our existing customers.
CEO William Yang has shown his confidence in the company by scooping up his first holdings in Medtecs shares. AS nations struggled to deal with the COVID-19 crisis earlier this year, MedTecs International Corp. – a Singapore-listed maker of surgical masks, medical coveralls and isolation gowns -was turning away orders for its products.