Mercator Medical SA Under 2016/2018 strategy plans to build factory of medical products from unwoven fabric.
Cost of new factory is estimated at 3.8 million zlotys ($983,844), plans to fund 80 percent with bank loan.
Factory of medical products from unwoven fabric to be built in Brzesc Kujawski, plans to start production in Q2 2017.
Under new strategy to expand its existing gloves factory in Thailand and increase its production capacity to 3 billion gloves per year.
Plans to expand its business to some Western European countries by end of 2017.
Source : reuters.com