[Asia Economy Reporter Hyunseok Yoo] Toptec is showing strong performance. It appears that the news about its plan to supply around 10 million masks per month to the government has had an impact.
As of 2:20 PM on the 16th, Toptec was trading at 9,540 KRW, up 1.49% (140 KRW) compared to the previous trading day.
Toptec is a company specializing in the design and manufacturing of automation equipment. It has Lemon, a company specializing in nano materials and mask and filter manufacturing, as its subsidiary. These companies are the only ones in Korea equipped with all the essential production facilities for mass mask supply, including manufacturing equipment and raw material and material production facilities.
On this day, an economic media outlet reported that Toptec, together with its subsidiary Lemon, is working to resolve the mask shortage caused by COVID-19 and other factors by producing 2.5 to 3 million masks daily starting early April, aiming to supply up to around 100 million masks per month to the government and public institutions. They are currently proceeding with facility investment and various permits and approvals.
Toptec has shortened the mask production equipment manufacturing period, which generally takes more than 2 to 3 months, to within one month, and is producing 50 units with its own capital for the shortest possible mask production period. Meanwhile, Lemon has the world's largest nano membrane mass production facility. Through this facility, it produces nano filters and functional nano membranes for KF94 and K80 masks, which are core materials for mask production that can replace melt-blown (MB), which is currently in short supply.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
