Jungjingong Establishes 'Cooperation Network' for Mass Production of Masks

Support for Joint Production of MB Filters and Masks for 3 SMEs in the Mask Industry

Panorama of the Small and Medium Business Corporation

[Asia Economy Reporter Kim Heeyoon] The Small and Medium Business Corporation announced on the 14th that it will support a mask manufacturing cooperation project to mass-produce melt-blown (MB) filters, a key raw material for mask production, and masks.

This cooperation project is being promoted in the form of joint production by establishing the GTS corporation through joint investment by three small and medium-sized mask manufacturing companies: C&C, Nanotec, and I-One.

The Small and Medium Business Corporation's cooperation project involves three or more SMEs collaborating to promote the business through collectivization, joint operation, and cooperation. It is a project that strengthens corporate competitiveness by solving location issues, reducing investment costs, and lowering production costs.

The Small and Medium Business Corporation will support 5.6 billion KRW out of the total project cost of 7 billion KRW as cooperation funds. The three companies of the cooperative corporation GTS will share the remaining 1.4 billion KRW to establish a production base in Nonsan 2 General Industrial Complex and are expected to produce 1.5 tons of MB filters daily, equivalent to 1.5 million masks, through investment in manufacturing facilities.

Through the promotion of this cooperation project, these three companies plan to increase mask production from 50,000 to 250,000 units per day and, in the long term, export not only domestically but also overseas to spread the Korea quarantine boom following the 'COVID-19 diagnostic kits.' Additionally, they are expected to contribute to job creation by newly employing more than 30 production workers.

Jo Jeongkwon, Acting Chairman of the Small and Medium Business Corporation, said, “Through the cooperative production of these three companies, investment costs can be reduced by about 85% and production costs by 12% compared to individual investments. We will provide prompt support to begin full-scale production from the second half of this year.”

This content was produced with the assistance of AI translation services.