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KBS partners with local manufacturers to sell face masks
22 Apr 20 2 min read
KBS Fashion Group, a casual menswear company, has announced that its wholly-owned subsidiary Anhui Kai Xin Apparel is partnering with 3 face mask manufacturers, Anhui Yikang Medical Technology, Taihu Fubeikang Sanitary Material and Taihu Mingya Labor Insurance Technology, in China to distribute non-medical disposable face masks amid the Covid-19 pandemic.
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These 3 companies are mainly engaged in the production of non-medical disposable face masks with a total daily production capacity of approximately 3 million pieces.
According to the partnership arrangement, these three companies will use Kai Xin's excess production facilities to manufacture face masks, while Kai Xin will take advantage of its expansive distribution channels to promote sales of products. We started generating additional revenue from renting out facilities for mask manufacturing at the beginning of March.
"The apparel industry is facing enormous challenges due to the global Covid-19 outbreak. Business has been shut down in China for months to contain the virus, resulting in our company's sales to decline. As operations resume gradually in China, we have been working on creative solutions to use our production capacity and existing resources to grow potential businesses, Keyan Yan, chief executive officer of the company said.
Starting in March, we established a partnership with Anhui local face mask companies to initiate face mask exporting by using our vendors and overseas sales channels. We believe that leasing our production facilities to our partners to make face masks will help us generate additional revenues. Meanwhile, the management team is making progress to enhance product offerings and improve our sales strategy to drive long-term growth opportunities for our shareholders.”
Fibre2Fashion News Desk (JL)
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