Hurim Robot Sees Surge in Mask Manufacturing Equipment Inquiries... "Expanding into Domestic and International Equipment Installation Projects"
[Asia Economy Reporter Hyunseok Yoo] Hurim Robot announced on the 28th that it will enter the mask business based on the establishment of its own production facilities to expand its business area into epidemic prevention and hygiene environment sectors.
In response to the rapidly increased demand for masks due to the novel coronavirus infection (COVID-19) and aiming for continuous diversification of robot-related business groups, the company is promoting the development and supply of mask equipment. The produced masks will be marketed and sold through its subsidiary DST Partners, and Hurim Robot plans to establish a fully automated folding mask production line based on its robot technology and automated production facilities. Additionally, the soon-to-be-launched ‘Huguard’ brand is expected to become a comprehensive brand covering related industries including not only thermal imaging cameras but also disinfection, quarantine, and masks.
Hurim Robot previously established mask production facilities at a Chinese factory through its China branch, and based on the accumulated technical know-how, it plans to build facilities domestically and start operating a mask production plant. The equipment has the advantage of a simpler structure compared to existing equipment, with higher durability, ensuring high stability and low failure rates.
From the perspective of mid-term business portfolio diversification, the company is researching and developing mask production facilities that can meet the standards of N95 masks (health masks used by medical personnel), and at the same time, medical flat masks can also be supplied through existing facilities.
A company official stated, “We plan to sell automated mask production lines in domestic and overseas markets through the Sino-foreign joint venture Zhonghai Intelligent Equipment Manufacturing (Shenzhen) Co., Ltd.,” adding, “The Chinese factory is not only manufacturing mask production equipment but also selling products, so mask productivity is expected to improve significantly.”
Hot Picks Today
"Could I Also Receive 370 Billion Won?"... No Limit on 'Stock Manipulation Whistleblower Rewards' Starting the 26th
- Samsung Electronics Labor-Management Reach Agreement, General Strike Postponed... "Deficit-Business Unit Allocation Deferred for One Year"
- "From a 70 Million Won Loss to a 350 Million Won Profit with Samsung and SK hynix"... 'Stock Jackpot' Grandfather Gains Attention
- "Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
He continued, “We entered the mask business to provide an environment that can quickly overcome the COVID-19 crisis and to advance into the epidemic prevention and hygiene environment sector,” adding, “By producing masks directly, we will contribute to profit generation and help stabilize mask supply amid the worsening mask shortage.”
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.