BDI Signs Cooperation Agreement for Exporting COVID-19 Quarantine Supplies to the US

[Asia Economy Reporter Hyungsoo Park] VIDIA announced on the 28th that it has signed a business cooperation agreement with BCS Korea, a company that produces and sells quarantine products such as nitrile gloves and dental masks.

VIDIA will be responsible for ▲export shipment of quarantine supplies ▲letter of credit orders ▲financial support for smooth production and supply.

BCS Korea is a company that produces and supplies quarantine products to protect the human body from air pollutants. BCS Korea manufactures products not only for the general public but also for professionals working in various industries.

In September last year, BCS Korea signed a contract with International Trade Finance in the United States to export and supply quarantine supplies worth $5 million (approximately 5.9 billion KRW) per month to the U.S. for one year.

BCS Korea has installed a dental mask production line at its Hwaseong factory in Gyeonggi Province and is producing masks. Nitrile gloves are consigned and supplied from Vietnam. All products have been approved by the FDA. The initial order quantity worth $2 million (approximately 230 million KRW) will be shipped and exported early next month.

A VIDIA official explained, "The U.S. export performance of COVID-19 quarantine supplies is recorded under VIDIA," adding, "We have received a letter of credit (LC) for the total supply amount of $2 million for February."

Recently, VIDIA strengthened its bio-business sector by acquiring shares in Global Demimon Pharma. Through the contract with BCS Korea, it is expected that sales will be generated in the bio-business division.

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