NEWS

INTCO Medical, the largest latex-free gloves manufacturer and a global leader in medical consumables, rehabilitation equipment, and physiotherapy care, has been recognized by the Zibo Municipal Government as the "2024 Outstanding Enterprise for Economic Stability and Growth." This accolade underscores the company’s remarkable contributions to local economic development and technological innovation.

Strong Growth Amid Global Challenges

Expanding Market Presence Through Technology Innovation

Despite the complex and volatile global market environment in 2024, INTCO Medical has demonstrated strong resilience and growth through strategic industrial upgrades. The company has made continuous breakthroughs in global medical protection and rehabilitation care, reinforcing its position as a leader in the industry.

According to its 2024 performance forecast, INTCO Medical projects a net profit of ¥1.2-1.5 billion (USD 165-206 million), reflecting a year-on-year increase of 213.32% to 291.65%. This significant growth is attributed to the company’s commitment to technological advancements and Zibo’s business-friendly policies, including streamlined approvals for tech investments and tax incentives under the Shandong Free Trade Zone initiative.

Strengthening the Local Economy Through Employment and Industrial Advancements

Smart Manufacturing and Industrial Parks

As a core enterprise in Zibo, INTCO Medical has significantly increased investments in the region by advancing smart manufacturing and expanding its intelligent industrial parks. These facilities focus on producing nitrile medical-grade gloves (ASTM D6319 certified), personal care products, and protective supplies, ensuring a stable and high-quality supply chain while boosting local supporting industries.

Talent Development and Industry Collaboration

Beyond industrial expansion, INTCO Medical actively supports local employment by nurturing and attracting high-caliber talent. The company has established strategic partnerships with universities and vocational institutions, fostering industry-academia-research collaboration. This initiative provides a strong foundation for technological innovation and further enhances the regional manufacturing landscape.

Commitment to ESG and Corporate Social Responsibility

Driving Sustainable Growth Through ESG Initiatives

As a well-recognized enterprise in Zibo, INTCO Medical integrates Environmental, Social, and Governance (ESG) principles into its business strategy. The company has actively participated in public welfare and charitable programs, including support for education, rural revitalization, and environmental protection.

Recognized ESG Excellence

For its outstanding commitment to sustainability, INTCO Medical has received multiple ESG-related accolades, including the EcoVadis Silver Medal and Corporate Social Responsibility (CSR) Awards. These achievements highlight the company’s efforts in promoting sustainable business practices and corporate responsibility.

Future Outlook: Strengthening Innovation and Industry Leadership

As China continues to implement the "Healthy China 2030" strategy, INTCO Medical remains dedicated to technological innovation, industrial upgrades, and ESG-driven business practices. With a strong foothold in Zibo, the company is poised to make even greater contributions to economic stability, social development, and the global health industry.

By maintaining its leadership in medical consumables, rehabilitation equipment, and physiotherapy care, INTCO Medical is set to redefine the industry, ensuring sustainable and high-quality healthcare solutions worldwide.