I like to cheong
How’s the nightlife?
Most important what’s the average damage? How does it compare to JB? If same price no point travel so far
Ipoh have the biggest condom manufacturer in the world. I suppose it comes with the trade.
47,181 viewsAug 3, 2016, 05:45pm
Goh Miah Kiat’s Karex churned out 5 billion condoms last year. Credit: Munshi Ahmed for Forbes
This Malaysian Company Is The World's Largest Condom-Maker
Forbes Guest Contributor
Forbes AsiaContributor Group
Business
This article is more than 2 years old.
This story appears in the August 2016 issue of Forbes Asia.
Subscribe to Forbes Asia
By Chen May Yee
Growing up above his family's condom factory in Malaysia, Goh Miah Kiat had a stock answer if anyone asked what it did. "I just said we make rubber products," he says, "and hoped people didn't ask more." Of course, there was an upside. In school, "Obviously, I was the cool boy ... my friends all wanted to know about condoms."
These days there's no more hiding. The Goh family business, Karex, is now the world's biggest condom-maker. Last year its four factories in Malaysia and Thailand churned out 5 billion condoms--roughly 15% of the world market, mostly for export to more than 120 countries. Karex expects to raise production to 6 billion condoms this year and to a rate of 7 billion by the end of 2017.
Karex grew rapidly over almost three decades as a contract manufacturer for the world's best-known brands, such as Durex, and by supplying bulk orders to global public health organizations. Analysts expect revenue to have reached $91.4 million for the year ending June 30, a 35% rise in two years. Net profit is seen totaling $18.1 million, a 69% jump since fiscal 2014. That performance puts it on our annual
Best Under A Billion list for the first time.