Condoms, Gloves Provide Lifeline for Malaysian Rubber

Karex Industries Sdn., the world’s biggest condom manufacturer, will expand capacity after selling shares next year, boosting Malaysia’s bid to rejuvenate its rubber industry amid competition from Thailand and Vietnam.

“Demand for condoms is continuously growing,” said Goh Miah Kiat, whose great-grandfather started the company as a grocery store on a Malaysian rubber plantation almost a century ago. “It’s a very good time. With the company going public, additional funds could be raised for it to expand further.”

Source: Here