Globally more than 400,000 have been infected with the deadly coronavirus, and demand for protective equipment is still soaring as nations across the globe battle the outbreak.
“A mask machine is a real cash printer,” said Shi Xinghui, sales manager of an N95 mask machine company in Dongguan city, southeastern Guangdong province. “The profit of a mask now is at least several cents compared to less than one in the past.
“Printing 60,000 or 70,000 masks a day is equivalent to printing money.”
Qi Guangtu has put more than 50 million yuan ($7 million) into his factory producing mask-making machines in the southern industrial hub of Dongguan.
It has been in 24-hour continuous production since January 25 — two days after the dramatic lockdown of Wuhan, where the virus first emerged.
“Cost recovery is certainly not a problem,” he said, adding that 70 sets of equipment have been sold for more than 500,000 yuan ($71,000) each.
He has more than 200 additional orders in hand, worth over 100 million yuan ($14 million).
“The machines pay for themselves in 15 days, ” said Qi, saying the investment is worth it for his clients.