About Bulkcorp International Limited

Bulkcorp International Limited is engaged in manufacturing and supply of Food Grade Flexible Intermediate Bulk Container (“FIBC”) bags. The manufacturing unit of our Company is situated at Changodar, Ahmedabad. Their manufacturing facility meets the requirements set out in BRC Global Standard for Packing and Packaging Materials and has achieved certified Grade A. They offer a wide range of customisable packaging solutions FIBC bags (Jumbo Bags) which come in eight variations and container liners. Their manufacturing facility located at Changodar, Ahmedabad is equipped with the required facilities including machinery, and other handling equipment to facilitate smooth manufacturing process. They endeavor to maintain safety and high hygiene in our premises by adhering to key safety and hygiene norms as specified by BRC.

Their manufacturing facility has an in-house testing laboratory to ensure that the finished products match the quality standards as specified by our customers. All their FIBC bags are manufactured in accordance with ISO 21898 and they have undergone quality tests at well reputed labs. They majorly procure their raw materials from Gujarat. As their manufacturing unit is strategically connected to the National Highway and is located in the midst of a developed industrial area, this provides us with operational advantage as transportation process becomes time efficient.

Their company has expanded its installed capacity by installing new machineries at the premises adjacent to their existing manufacturing facility. Due to expansion, installed capacity of their company manufacturing facility has doubled from 2400 MTPA to 4800 MTPA.

They cater to the requirements of crucial industries such as agriculture, chemical, construction, food, pharmaceutical, and mining. Their customer base is spread across the globe with presence in countries like United States of America, Canada, United Kingdom, South Africa, Ivory Coast, South Korea, Spain, Europe, Egypt etc. they are recognised as one star export house by Ministry of Commerce and Trade. The majority of their sales are through exports which contributed 68.42%, 75.88%, 72.93%, and 77.56% respectively to their total sales for the year ended on March 31, 2024, 2023, 2022 and 2021 respectively.

FIBC MARKET IN INDIA
Favourable Make-in-India Initiatives to Surge the Demand for FIBC in Food and Agriculture Industries. 

The Indian Flexible Intermediate Bulk Container Association states that the FIBC market in India has increased by almost 38% in the last 10 years. The food-grade FIBC is gaining immense traction, registering prominent growth rates. FIBC industry is expected to grow at a CAGR of 6.9% 

As per the association, FIBC production in India is recorded as 306,996 MT in 2021. The food-grade FIBC production was nearly 28% of the total production of FIBC in India. The total export sales of FIBC from India increased 3 times over the past decade and reached US$ 708.48 million from 2020 to 2021. The expansion of various industries and increasing trade activities are propelling the demand for FIBC. 

Several industries, including food products & agriculture, pharmaceutical products, and chemicals & fertilizers, have experienced substantial industrialization. This is due to the increased international commerce and several favourable measures by the Indian government. 

Make-in-India initiatives and industry-specific incentives are boosting the establishment of numerous manufacturing enterprises in India. Hence, the demand for FIBC for effective storage and transportation of goods is surging with the rise of such end-user industries.

According to the FMI study, India is predicted to grow at a rate of 2x during the forecast period.

Historical and Forecast Outlook for FIBC Market
Over the historical period of 2018 to 2022, FIBCs were built to be reusable and were intended for specific goods. Nowadays, several types of specialized FIBC gaining traction across diverse industries, boosting the market. 

The growing inclination of end users towards FIBC in place of traditional packaging and transportation is one of the factors propelling the demand. The need for high durability had a minor impact on the adoption rate of FIBC, hence manufacturers are developing new product lines to cater to the growing demand from end users. 

As per FMI, the industrial sector is predicted to experience steady growth due to the integration of machine learning and the adoption of robotics, which, in turn, is projected to fuel the growth of the FIBC industry

BULKCORP INTERNATIONAL LIMITED STRENGTHS
1. Wide Range of Products
2. In-house Manufacturing capabilities
3. Strong relationship with customers and suppliers
4. Experienced management team with industry expertise and successful track record

BULKCORP INTERNATIONAL LIMITED STRATEGIES
1. Expand their domestic presence in existing and new markets
2. Expand their existing product portfolio.
3. Focus on consistently meeting quality standards.
4. To increase brand visibility
5. Maintaining edge over competitors

BULKCORP INTERNATIONAL LIMITED RISK FACTORS & CONCERNS
1. The operations of the company are limited to selected regions such as in Gujrat domestically and in USA overseas.
2. The Company is dependent on few suppliers for purchase of product
3. The Company is dependent on few numbers of customers for sales.
4. Business of their company is dependent on their Manufacturing facilities.
5. They are subject to risks associated with expansion into new markets.
6. Dependence on debt and outflow of finance cost leads to outflow of cash flows and reduce overall profitability.