UPDATED. 2023-03-27 16:23 (월)
Synopex in the red for 1st half of 2020
Synopex in the red for 1st half of 2020
  • Gijong Lee
  • 승인 2020.08.12 19:06
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Orders to increase in Q3, company says
Image: Synopex
Image: Synopex

Synopex has posted an operating loss of 800 million won and sales of 92.6 billion won in the first half of 2020, the company said on Tuesday.

The company stressed that sales were higher than the 80.5 billion won in 2019 in the same time period despite the impact of the COVID-19 pandemic.

Synopex said it expand its Vietnam factory Vina2 during the first half of the year that increase its production capacity. It also improved operation efficiency, it said.

The company saw factory operation rate plummet in April but this recovered in mid-May. One-time cost such as addition of new molds and personnel realignment cost operating profits to decline, Synopex said.

The company expects orders from client to increase though the third quarter and products that are waiting the final approval from clients to go in to production no later than October.

The South Korean firm was exporting ultra-filtration membrane. It was also preparing medial device membrane modules as well as mask and air filters.

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