Hong Kong property heavyweight branches out as it pumps millions into face mask production
- New World Development to set up factory capable of producing 200,000 masks a day
- All of the masks will be given to local NGOs to distribute to city’s needy
Property developer New World Development is to invest millions of dollars in producing face masks in Hong Kong at the end of March, the Post can reveal.
As the city battles against the coronavirus epidemic, and deals with a shortage of protective gear, a source familiar with the project said the company would install two production lines capable of churning out 200,000 masks a day, in a 4,000 sq ft factory in Tuen Mun.
The developer will be one of several new local producers, alongside Ricky Wong Wai-kay’s online shopping platform HKTV mall, Mask Factory, and the Federation of Trade Unions (FTU).
While Wong and the FTU are starting from scratch, Mask Factory started trial operations on February 14 for a daily capacity of about 70,000 masks.
The Post has learned that New World’s masks will go to students and the needy via non-governmental organisations.