Karex Bhd, the world’s leading c%ndom producer, has announced plans to increase prices by 20–30% due to ongoing supply chain disruptions tied to the Iran conflict.
CEO Goh Miah Kiat explained that rising costs of raw materials and logistics have made the situation increasingly unstable, leaving the company with no option but to pass the burden on to customers. He also warned that prices could climb even higher if the disruptions persist.
READ ALSO: Mali’s Defence Minister Sadio Camara k+lled at 47 following a car b%mb att@ck
Karex manufactures over five billion c%ndoms annually, supplying major global brands and public health institutions, including the UK’s National Health Service and programs run by the United Nations.
At the same time, demand has surged by about 30% this year. According to Goh, this spike is linked to declining global stockpiles, worsened by reduced foreign aid funding from agencies like the USAID.
READ ALSO: 44-Year-Old Woman D+es After Surgical Tool Was Allegedly Forgotten in Her Body After Fibroid Surgery
Since tensions escalated in late February, access to key production materials such as synthetic rubber, nitrile, aluminium foil, and silicone oil has been disrupted. Shipping delays have further complicated distribution, with delivery times to Europe and the United States stretching from one month to nearly two.
Goh noted that many shipments are currently stuck in transit despite urgent demand, with developing countries facing the most severe shortages due to slower supply chains.
About The Author
More Stories
Electricity Restored to Parts of Lagos, Ogun, Oyo, Kwara and FCT After Weeks of Widespread Outages — Power Minister, Joseph Tegbe
I have not drunk water in the last 48 years — Billionaire Warren Buffett
Trump Unveils America First Seafood Strategy with $5B in Loans and New Consumer Label