Innovation and meeting the needs of the consumer, another family firm that has had its fair share of ups and downs from near bust to boom along the way but one that has carved out a niche and is a story of constat reinvention.
Headquartered in Port Klang, some 25 minutes’ drive southwest of Kuala Lumpur, the company churned out about 5 billion condoms last year, and made US$77 million (S$106m) in revenue in 2016. But Karex started out modestly as a family business dealing in rubber processing. And in an interview with Power List Asia, Mr Goh talked about how the condom-making business “almost did not happen”. The company’s near-bust-to-boom story has been one of constant reinvention.