In total, the value of the production segment contracts with major customers increased by over PLN 264 million. The imp…
Mercator Medical communicates new trade agreements to Australia, the USA and the UK.
In total, the value of the production segment contracts with major customers increased by over PLN 264 million. The implementation of these agreements will be completed next year.
Mercator Medical (Thailand) Ltd., a manufacturing company of the Mercator Medical Group, has concluded a contract with Unispace Health Pty Limited based Sydney, the value of which – after conversion – is approximately PLN 169 million. At the same time, supplies to Unispace Health Limited based in London were maintained, but the value of contracts with this entity (current report nos. 25/2020 and 27/2020) was adjusted downwards by approximately PLN 10.5 million, to the amount of PLN 159.3 million. On the other hand, PLN 3 million is the value of contracts with Unispace of North America. However, much larger deliveries to North America are made on the basis of agreements with Ammex Corp. based in Washington. Update of agreements concluded from October 2019 to 3 April 2020 (current report nos. 6/2020 and 13/2020) means an additional PLN 44.4 million in sales, and agreements concluded after that date amount to PLN 58.2 million. The value of these agreements with Unispace and Ammex is approximately PLN 552.5 million.
“These agreements are for container deliveries from our Thai factory which is still working at full capacity. We are pleased with the favourable market situation, in particular the high demand and the environment of rising prices. We also use business opportunities in the distribution segment, which is our second main business area”, says Witold Kruszewski, Member of the Management Board for Finance at Mercator Medical S.A.
The Mercator Medical Group focuses on operating activity, but is also involved in the field of CSR by actively participating in the fight against COVID-19 and donating personal protective equipment from its own portfolio. In total, the company has already donated nearly 1.5 million examination gloves and 50,000 face masks to various institutions, including the Police Headquarters, hospitals in Krakow, Bielsko-Biała, Szczecin and Poznań, the Foundation for the Development of Nursing (Fundacja Rozwoju Pielęgniarstwa), nursing homes in Kraków County, the Saint Dominic Nuns Foundation (Fundacja Sióstr św. Dominika), the Material Reserves Agency and the Ministry of Health.
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Mercator Medical S.A. with its seat in Kraków is a producer and distributor of disposable medical, protective and household gloves, medical dressings as well as medical nonwoven products. On these markets it is one of the most important players in Poland and a significant entity on the international scene. The company’s history dates back to 1989.
Building the second gloves factory in Thailand (the last production line completed in September 2018) allowed the company to increase its production capabilities by 150%, to over 3 billion gloves annually. With the distribution of gloves purchased from external suppliers, the Mercator Medical Group’s total sales potential can be estimated at over 6.7 billion gloves per year. The company conducts direct distribution in Poland, Russia, Romania, Czech Republic, Ukraine, Hungary and Slovakia, as well as in Germany and Italy. Mercator Medical operations have a global reach – local distributors sell its products in over 70 countries on five continents, including the American market, and the company focuses on the ongoing geographic expansion.
Since November 2013, Mercator Medical S.A. shares have been quoted on the regulated market at the Warsaw Stock Exchange.