Why Zika Virus Is a Good Thing for Condom Makers?
Just as the coin has both sides, different groups has different understanding of Zika virus. Zika virus has caused a lot of problems worldwide, from Brazilian politicians forced to deal with worried Olympic athletes to pregnant women faced with an increased risk of birth defects if they’re infected. But there is one group that stands to benefit from the worldwide spread of the disease, and that is the condom makers. At the world’s largest condom manufacturer, Malaysia’s Karex Berhad factory, which makes about 10% of the condoms sold on the planet, CEO Miah Kiat Goh told the Wall Street Journal that the disease will cause a jump in sales. “The awareness that such a virus brings will further bolster long-term growth prospects of condom demand overall,” Goh said. The company, which produces about 4 billion condoms annually, won’t see a big jump immediately, Goh said, because most of its condoms are sold to brands like LifeStyles and Durex. (USAID is also a client.) But investors think it will come in time: The condom company’s stock price is up almost 10% since the beginning of September.
Condom will protect us from the virus such as Zika, not only prevent the pregnancy.