Karex (KAREX) to Raise Condom Prices by Up to 30% Due to Iran War

AI Summary

Karex, the world's largest condom producer, announced it will raise prices by up to 30% due to disruptions in raw material supplies from the ongoing Iran war. CEO Goh Miah Kiat stated that production costs have increased significantly since the conflict began. The company, which manufactures over five billion condoms annually, faces rising demand of approximately 30% this year, compounded by higher freight costs and shipping delays. The situation illustrates the wider impact of the Iran conflict on global supply chains and pricing in various sectors.