# Intco Medical to invest 953M yuan in medical glove projects

Intco Medical's subsidiary Shandong Intco Medical Products will invest 253 million yuan for a 3.3 billion pieces nitrile glove project and 700 million yuan for a 50 billion pieces nitrile/PVC glove project phase one.

- Type: Investment
- Announced: 2020-12-01
- Where: China
- Value: $145.0M (953.0M CNY)
- Status: announced
- Capacity: 33 billion pieces nitrile gloves per year; 50 billion pieces nitrile/PVC gloves per year (phase one)
- Products: nitrile medical gloves, PVC medical gloves
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Shandong Intco Medical Products](https://endata.com/companies/27799.md)
- [Intco Medical](https://endata.com/companies/51554.md)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/370969.html), 2020-12-01: "英科医疗全资子公司山东英科医疗制品有限公司拟投资2.53亿元建设年产33亿只高端丁腈医疗手套项目,投资7亿元建设年产500亿只丁腈、PVC高端医用防护手套项目(一期工程)。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.