Cosco Limited Announces Impact of COVID-19 Pandemic
June 11, 2020 at 04:14 am EDT
Share
Cosco (India) Limited announced that the business operations of the Company were running on normal scale till March 21, 2020 before the commencement of lockdown period. The Company's factory is situated at 1688,-2/31, Railway Road, Near Railway Station, Gurugram- 122001 (Haryana) manufacturing facilities remained shut from March 23, 2020 to 26.04.2020 due to nationwide lockdown. The company has restarted its production operations on April 27, 2020 at factory situated at 1688,-2/31, Railway Road, near Railway Station, Gurugram- 122001 (Haryana) with strength of about 150 number of employees, that is about 30% of the workforce. only with all safety, security and other measures required by MHA/Local authorities guidelines. Company is following the SOP (Standard Operating Procedures) issued by the District Administration Gurugram. Further from 4 May, 2020 Company has re-opened its registered/Head Office at 2/8, Roop Nagar, Delhi-110007 as per Ministry of Home Affairs and Delhi Government guidelines with 33% manpower strength and the same has been scaled up ina phased manner, as per the guidelines issued by the governments.
Cosco (India) Limited is an India-based sports goods manufacturer. The Company is primarily engaged in the manufacturing and sale of inflatable sports balls, tennis balls and trading of health equipmentâs and fitness accessories and other sports goods. The Company operates through two segments: Own Manufactured Products and Traded Goods. The Own Manufactured Products segment includes manufacturing and sale of sport items comprising of sports balls & latex bladders for sports balls. The Traded Goods segment includes trading of health equipment and fitness accessories and other sports goods. The Company's offerings under the sports category include badminton, basketball, carrom, skates, swimming, bench, cricket, football, hygiene, squash, sports ball, volleyball, table tennis and tennis. The Company's offerings under the fitness category include cardio, strength, and special equipment. The Companyâs brands include Adidas, Cosco, Stiga, Newgy, Tretorn, Coscofitness, and more.