[Integrated] Ingenics intends to invest RMB 1 billion to build high-end medical gloves

Incotech announced on the afternoon of October 16 that it intends to acquire a new industrial site in the Wuxi Modern Industrial Park in Caoxi, Suixi County, Anhui Province, for the construction of a high-end medical glove project, and signed a “high-end medical glove” with the local government on October 16th. Project Investment Intention Agreement.

According to reports, the project is planned to use land at the junction of Haixi Road West and Yinhua Road of Wuxi Modern Industrial Park in Zhuoxi, with a land of approximately 600 mu. It will build an annual output of 28 billion (28 million boxes) of high-end medical gloves, with a total investment of no less than 1 billion yuan. Yuan, the construction period is expected to be 2-3 years.

Ingenics Medical stated that the construction of high-end medical gloves for the newly acquired land will be beneficial to the long-term and sustainable development of the company, will further enhance the company’s performance, and consolidate the company’s position in the industry, resulting in good economic and social benefits. .

Ingram Medical also indicated that the investment intention agreement signed this time is an intentional agreement. The specific conditions of the project construction, the rights and obligations of both parties, and the liability for breach of contract are not clearly defined. It is necessary to make an agreement through the subsequent signing of a formal agreement, and the formal agreement The feasibility study is still required and must be reviewed and approved by the company’s board of directors or shareholders’ general meeting according to the authority.