Mainstream
Fighting to maintain pole position
Ho Chung Teng | 03 Nov 2017 00:30
Goh says the company’s IPO was a catalyst to consolidate the market and make it the world's largest condom manufacturer

WHILE it was tough for Karex Bhd to become the world’s one number condom maker, it’s even tougher for it to hold on to the top spot.

Besides having to fend off competitors, the company is facing rising raw material costs, shifting consumer preferences and changing national health policies by overseas governments.

There have also been significant changes in the global condom industry, especially during H2 last year and early this year.

Apart from shifts in consumer preferences, the US dollar strengthened against major currencies, increasing condom prices.

Tender orders also fell drastically due to a shortfall in humanitarian budgets caused partly by a change in national health policies.