Verus International Inc (VRUS)

[Estate1]

Article is very clear the Philippine govt is looking for other suppliers to meet the demand. Enter TAM.....




“As with locators in any economic zone, Medtecs is mandated by law to export at least 70 percent of its production to qualify for registration and incentives.”

“As such, it remains to be seen how the manufacturer plans to comply with its word to allocate 2 million pieces per month for domestic consumption. At the same time, it’s also a question how it will fulfill its export requirements.”

“We have also intensified engagements to match parties with core capabilities that can extend to production of masks—including foreign companies in the country that have the technology, local companies that can readily provide factories and workers, and local producers in garments and sanitary paper, or cotton-based products,” Lopez said.”