Soribada "Secured Masks Through Facility Expansion Contribution... Possibility of High Margins"
[Asia Economy Reporter Jang Hyowon] Soribada has stated that it is possible to secure high margins in the mask business.
According to Soribada on the 20th, the masks supplied to MPS Partners on the 14th were sourced from DSK Global last month.
A Soribada official said, “We secured the masks by providing support through advance purchases during the equipment replacement phase at the initial DSK Global mask factory, contributing to the expansion of their facilities.”
He added, “Due to the high mutual trust between Soribada and DSK Global, a significant portion of DSK Global’s margin is supported by Soribada, enabling us to offer high-margin profitability.”
Regarding the complex distribution process, it was explained that MPS Partners acts as the distributor for mask sales, essentially performing the same role as Soribada’s mask sales department. Soribada receives the contract payment from the client, and MPS Partners supplies the masks.
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Meanwhile, a Soribada official stated, “We have no knowledge whatsoever about the company Dahwi,” and added, “Soribada is solely focused on mask sales contracts for the company’s distribution business to respond to the current COVID-19 situation and improve the company’s performance.”
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