New york: A United States-based medical glove manufacturer is set to invest an initial USD 200 million to establish a production facility in the Philippines, with plans for further expansion contingent upon the success of the initial phase, President Ferdinand R. Marcos Jr. announced during a press conference at The Pierre A Taj Hotel in New York.
According to Philippines News Agency, the Harvard-based U.S. Medical Glove Company (USMGC) has already initiated preparations for the project, having dispatched representatives to the Philippines to commence construction of the facility. President Marcos highlighted that the initial investment is valued at PHP 200 million dollars and emphasized that USMGC has identified a local partner to facilitate the project's development.
The initial phase of the project involves a smaller investment, but discussions for a significant expansion are already underway, contingent on the successful commencement of operations. The facility aims to ensure a stable domestic supply of medical gloves for various sectors, including healthcare and the military.
President Marcos mentioned that the government is open to exploring additional opportunities if the manufacturing venture proves successful. He also noted USMGC's eagerness to expedite the construction process, indicating that once the building is completed and machinery arrives, production could begin within 48 hours.
During his two-day working visit to the US, Marcos met with USMGC executives, and in a Facebook post, he stated that the project is expected to create over 2,000 jobs and facilitate the local production of essential medical supplies.
USMGC is a leading American manufacturer of nitrile and polyisoprene surgical and exam gloves, operating a 1.8 million-square-foot facility in Harvard, Illinois. The company runs 10 nitrile-glove production lines, producing over 2 billion gloves annually, utilizing eco-friendly, energy-efficient machines that are 90 percent lighter than conventional machinery and recycle 100 percent of production water.
