The Chinese condom business can grow giant

The Australian Ansell sold its condom manufacturing department for 600 million USD to a Chinese consortium. While Australians believe that the market is shrinking, in China there is a huge business in the condom – origo wrote.

A Chinese consortium has purchased the condom department of the Australian Ansell company for 600 million USD. This means that the world’s second largest condom manufacturer changed owners.
In the global market, Ansell has several brands, including Mates, Skyn, LifeStyles and Jissbon. (origo)