United states : The Female Health Company Completes 150% Expansion of FC2 Manufacturing Capacity.Byline: Mamta03 The Female Health Company (Nasdaq:FHCO), which manufactures and markets the FC Female Condom female condom n. See condom. female condom Vaginal pouch An externally placed contraceptive device, which offers some protection against pregnancy and STDs. See Contraceptives. Cf Condom. (R) (FC1) and FC2 Female Condom(R) (FC2), today reported that it has completed the previousl announced expansion of FC2 Female Condom(R) manufacturing capacity at its production facility in Malaysia. In March 2009, shortly after receiving FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. marketing approval for its second-generation FC2 Female Condom(R), the Company announced plans to expand its production capacity in Malaysia by 150% via the addition of six new production lines to the four lines previously installed and operating. The expansion increases the Company's annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. manufacturing capacity in Malaysia from approximately 30 million condoms to 75-80 million condoms, bringing the total annual FC2 capacity to 80-85 million. All outstanding orders for FC1 have been fulfilled. Current and future orders will be fulfilled with FC2 from the Malaysia facility. "The expansion of our Malaysian production capacity has gone smoothly, and we completed the project in September," stated O. B. Parrish, Chief Executive Officer of The Female Health Company. "Historically, the capital cost of a new FC2 production line has approximated $500,000, and each line has the capacity to produce approximately 7.5 million condoms annually. However, due to global weakness in the capital goods Capital Goods Any goods used by an organization to produce other goods. Notes: Examples of capital goods include office buildings, equipment, and machinery. See also: Capital Expenditure, Disinvestment Capital goods markets and the volume purchase of six lines, we were able to complete the 150% capacity expansion at a cost significantly below the historical $500,000 per line average cost. This capital expenditure was fully funded internally, so the Company remains debt-free." "Global demand for female condoms has been increasing at a rapid pace, with total unit sales unit sales Sales measured in terms of physical units rather than dollars. Unit sales data are often used by financial analysts when evaluating the health of a company. of our female condoms rising 34% in Fiscal 2008, 26% in the first nine months of Fiscal 2009, and 48% in the quarter ended June 30, 2009. Major public health sector customers that are involved in the battle against the HIV/AIDS HIV/AIDS Human Immunodeficiency Virus/Acquired Immune Deficiency Syndrome pandemic pandemic /pan·dem·ic/ (pan-dem´ik) 1. a widespread epidemic of a disease. 2. widely epidemic. pan·dem·ic adj. Epidemic over a wide geographic area. n. have responded favorably to FC2, which is available at lower prices than our first-generation product." Copyright : Euclid Infotech Pvt. Ltd. Provided by Syndigate.info an Albawaba.com company |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion