Gloves off at world’s biggest condom maker as slump sends company into surgical gear market - News Summed Up

Gloves off at world’s biggest condom maker as slump sends company into surgical gear market


A worker packs condoms in the Karex plant in Port Klang, Malaysia. The company supplies about one in every five sold globallyIt seemed an obvious Covid growth area, as locked down couples, forced to stay at home, entertained themselves in the oldest way known to humankind. But the world’s biggest manufacturer of condoms has confirmed that people have been having less sex during the pandemic, devastating its sales and forcing it to branch out into the more lucrative business of making rubber surgical gloves. SponsoredLess than two years ago Karex, a Malaysian company that makes one in five of the world’s condoms, was predicting that stocks would run out because of demand from housebound lovers with nothing else to do. Instead it has suffered a 40 per cent drop in sales as condom use and distribution has slumped.


Source: The Times January 13, 2022 05:07 UTC



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