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Bulk Corp International received an export order worth Rs 10.77 crore from Brazilian company Packem SA for custom circular-bag FIBCs.
Packem Umasree, a Brazil-India joint venture, inaugurated its first Indian plant near Ahmedabad on 16 April 2024 to make 100% rPET bottle-based FIBC jumbo bags, with monthly capacity of 600 metric tons and about 700 jobs.
Brazil's Packem and India's Umasree Texplast are partnering on a new plant near Ahmedabad that will make 100% sustainable rPET FIBC/jumbo bags and is expected to create about 700 jobs.