LiimInvest The coronavirus forced the world's largest condom maker to stop producing — and now there may be a shortage of 100 million condoms
A mandatory coronavirus lockdown in Malaysia forced the world's largest condom producer to stop manufacturing temporarily. The World Health Organization considers condoms an essential item. The prospect of a condom shortage is frightening to health experts and executives of the company. View more episodes of Business Insider Today on Facebook.
Karex Berhad is the world's largest condom producer.
But its CEO is worried about an impending shortage of condoms — 100 million to be exact.
A mandatory coronavirus lockdown in Malaysia forced Karex to temporarily stop making condoms for 10 days — even though the World Health Organization considers it an essential item.
The prospect of a condom shortage is frightening for Karex executives like CEO Goh Miah Kiat.
"While you've got people who are fighting COVID right now, we need to make sure that essential items are continuously being supplied, condom is a necessity."
Another Malaysian company Karex Bhd, the world's top condom maker, said it has converted two of its lubricant lines to make hand sanitisers after requests from medical customers.
"Its not a very large quantity to begin with but we found we were able to begin production within a month following medical trials as we are a certified medical product manufacturer," Chief Executive Goh Miah Kiat said.
Unprecedented demand for medical and testing materials has made it harder and longer for countries to source essential equipment.
Malaysia this week warned of a potential shortage of reagents, a chemical used in diagnostic tests to detect the presence of the coronavirus.
already resume production. MCO will boost up the demand for condom and more people will prefer birth control at this time of uncertainty, this will be worldwide phenomena.
Long time liao the operations has resumed, since last month. All these news people are posting are old and outdated news. And they're only reading the good news. Karex capacity reduced by almost 50% dont want to read, disruption in distribution networks due to global travel restriction also dont want to read, competitor stealing market share by increasing capacity also dont want to acknowledge. Zang hiao cah tai pao ! Chui shui chui dao hoi dou gon hoi ! Bot nya tai lang ! Tonton do bosuon ! Aiso sikul kopio iti vogok !
March they closed factory for 10 days, made 200 million less condoms to sell. And don't forget they still had to pay social compliance cost. For sure upcoming quarter bad. And management team since last year again buying, so them buying has nothing to do with covid. And just because they buy doesnt mean company will do good, just look at Prestariang CEO. Hayooo research lh more. Otherwise go play online casino only, no difference.
Investsuccess Trader is conman lah. Hype hype but give no good reason. If company going bankrupt also for sure hype. You want to jack up the price to close your losing position is it?!?..Cut lost only lah!! Why susah susah tipu orang..
Investsuccess Trader is conman lah. Hype hype but give no good reason. If company going bankrupt also for sure hype. You want to jack up the price to close your losing position is it?!?..Cut lost only lah!! Why susah susah tipu orang..
@cupcake. Nobody here has the financial capability to jack up the price. Do you know how to calculate???
Investsuccess Trader is conman lah. Hype hype but give no good reason. If company going bankrupt also for sure hype. You want to jack up the price to close your losing position is it?!?..Cut lost only lah!! Why susah susah tipu orang..
@cupcake. Nobody here has the financial capability to jack up the price. Do you know how to calculate???
@Investsuccess Thats why you hype hype, you want a lot of traders here to use their cash to buy the stock higher and higher, then you ciao when the stock above your average cost. This small cap stock. A good a RM4 mill can increase the trading volume above average and raise the stock price already. But I'm sure you know this...
In this pandemic, many people stay at home due to coronavirus, expect the sales for condom will be higher for this quarter. Some place are shortage of condom also.
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alvin5588
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Posted by alvin5588 > 2020-04-21 16:27 | Report Abuse
strong support..