KUALA LUMPUR: Komarkcorp Bhd’s subsidiary, Komark Mask (M) Sdn Bhd, has received a Letter of Intent (LOI) from Poland-based Robayu Corp for a total of 48 million pieces of three-ply medical grade masks valued at US$4.8mil (RM19.6mil)
The definitive agreement and purchase order is expected to be finalised and confirmed within 60 days, with the initial delivery slated to commence in the third quarter of this year.
This is following the US Food and Drug Administration (FDA) certification received by Komark Mask for its three-ply disposable medical masks, which is now fully certified and listed on the FDA website.
Komarkcorp group chief executive officer Koh Chie Jooi said through its engagement overseas and export discussions, potential clients are reluctant to rely on Chinese-made products due to the leftover angst from the trade war during former US president Donald Trump’s regime. — Bernama