“Based on our market survey, including feedback from our existing customers, we have assessed that there is a general global decline in ASPs and demand for PPE.
Medtecs International Corporation warns that it is likely to incur a “significant net loss” for 2HFY2022, as the producer of personal protective equipment got to make inventory provisions of some US$12 million.
According to Medtecs International, the continued easing of the Covid-19 restrictions has led to lower demand and average selling price of these products globally.
