Karex not affected by increase in latex prices

Report for minister: Karex chairman Tan Sri Arshad Ayub (left) and Goh (right) presenting the company’s annual report to Mah. – Bernama

PORT KLANG: Condom maker Karex Bhd has not felt the rise of latex prices much as latex costs only constitute about 18% of the company’s total costs.

Chief executive officer Goh Miah Kiat said at a press conference after a press tour of its factory that other cost components played a more significant role in the business.