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Bemax Secures Payment Toward PO

Company on track to meet its estimated revenue target for the current fiscal quarter

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By: Tara Olivo

Associate Editor at Nonwovens Industry, Rodman Media

Bemax Inc., a growing global distributor of disposable diapers, has received the first payment toward a $620,000 purchase order, effective as of January 17, 2018.

The receipt of $50,100 three days earlier than scheduled constitute payment for the first tranche of consignment to be shipped to the customer and further set the company on track to meet its estimated revenue target for the current fiscal quarter. Bemax will receive payment for each tranche of consignment before shipment to the customer.

“We are extremely pleased with this development and the continued interest for our private label product of disposable diapers as the company’s overall operations, competitive posture and solid foundation for profitable growth are all stronger than ever before,” states Taiwo Aimasiko, CEO of Bemax. 

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