Recently, INTCO Medical, a leading manufacturer of medical consumables and rehabilitation equipment, has been honored with the “2024 Outstanding Enterprise for Economic Stability and Growth” award by the Zibo Municipal Government. This recognition highlights the company’s robust performance and significant role in driving local economic development.

Amid a complex and volatile global market environment in 2024, INTCO Medical achieved robust growth via tech-driven industrial upgrades.. The company achieved continuous breakthroughs in the global medical protection and rehabilitation care sectors, further enhancing its core competitiveness.

According to its 2024 performance forecast, INTCO Medical projects 2024 net profits of ¥1.2-1.5B (USD 165-206M), per audited financial forecasts., marking a year-on-year surge of 213.32% to 291.65%. INTCO Medical’s CFO credited this growth to “Zibo’s streamlined approvals for tech investments and tax incentives under the Shandong Free Trade Zone policy”.

Rooted in Zibo, Driving Employment and Industrial Upgrading

In recent years, INTCO Medical has significantly increased investments in Zibo, advancing smart-manufacturing upgrades while establishing modern production bases. The company has built multiple intelligent industrial parks covering nitrile medical-grade gloves (ASTM D6319 certified), personal care products, and protective supplies. These projects have not only strengthened its global supply chain competitiveness but also stimulated the development of local supporting industries.

While promoting industrial transformation, INTCO Medical has actively contributed to local employment by nurturing and attracting high-caliber talent. The company has also forged partnerships with local universities and vocational institutions to promote industry-academia-research collaboration, providing robust support for regional manufacturing upgrades.

Practicing Corporate Responsibility, Building a Better Zibo

As a well-known enterprise in Zibo, INTCO Medical prioritizes not only economic growth but also social responsibility. It has actively engaged in public welfare and charitable initiatives, supporting education, rural revitalization, and environmental protection. The company’s outstanding performance in environmental, social, and governance (ESG) practices has earned widespread acclaim, including multiple ESG-related awards, such as EcoVadis Silver Medal, Corporate Social Responsibility (CSR) Awards, etc.

This recognition reflects the company’s resilience amid economic challenges and underscores Zibo’s success in fostering strategic emerging industries. With the deepening implementation of the “Healthy China 2030” strategy, INTCO Medical will continue to strengthen its presence in Zibo, enhance its technological innovation capabilities, drive industrial upgrades, and make even greater contributions to local economic growth, social prosperity, and the development of the health industry.