French Government Buying $35 Million More of Sperian’s Disposable Respirators
The company also announced it is boosting its capacity to make single-use protective masks by 60 percent. Sperian is scheduled to release its second quarter 2009 sales results on Thursday.
The mood of Thursday's call to release second quarter 2009 financial results to industry analysts may be brightened by news released July 8 by Sperian Protection, the big PPE manufacturer that is based in Paris, France. The company said the government of France has ordered about 25 million euros' worth (equivalent to $35 million in U.S. dollars) of additional FFP2-class disposable respiratory masks through the end of 2010. The masks will be manufactured at Sperian's Plaintel plant in France.
The new order raises the value of disposable respirators ordered by the French government, which represented about 80 million euros' worth (equivalent to $112 million U.S.) of sales to Sperian from 2006 to the end of 2008, the company said.
Sperian also said, "given the current pandemic risk," it is investing in additional production capacity for single-use masks that will increase its overall capacity by about 60 percent. "Sperian Protection is pursuing its targeted investment policy in fast-growing markets," said Brice de La Morandière, Sperian's CEO. "With this extra production capacity, we will be able to respond more effectively to demand from our customers all around the world."
Visit this page for Sperian's financial releases, including the July 16 second quarter earnings.