Hanesbrands Retrofitting Factories to Make Surgical Masks
Hanesbrands (NYSE: HBI) has joined in the fight against the SARS-CoV-2 coronavirus and the COVID-19 disease that can result from it. Confirming remarks made by President Trump at a weekend briefing on the coronavirus pandemic, the veteran apparel maker said it is retrofitting its factories to make surgical face masks for medical professionals involved in the battle.
The company will shift its production to the masks at several of its factories located in Central America, specifically El Salvador, the Dominican Republic, and Honduras. It will do so under a contract with, and under standards set by, the federal government. The retrofits will allow the company, which in non-pandemic times specializes in underwear and athletic apparel such as sweatpants, to produce roughly 1.5 million masks weekly.
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Source Fool.com