The German government subsidised the expansion of fleece production by local company Innovatec in order to boost production of face masks in the country, Germany’s Ministry for Economic Affairs and Energy (BMWi) announced this on Friday.
“We intend to significantly expand our production capacities for protective equipment in Germany and thus effectively reduce our dependence on imports,’’ said German Minister for Economic Affairs and Energy, Peter Altmaier, when handing over the first notice of funding for fleece production.
Innovatec would invest more than 11 million euros ($12.5 million) in two new units for fleece production and could manufacture an additional 1,500 tons of fleece in the future, enabling the production of more than 1.5 billion face masks, according to BMWi.
The programme was aiming to stimulate an additional fleece production of 4,000 tons per year.
However, Altmaier stressed that “our long-term goal is to cover the entire value chain, from machines to filter fleece and protective masks’’.
Edited By: Abdulfatah Babatunde (NAN)
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