So apart from Europe recession there is no other headwinds right?
Ukraine was also their significant market (being large wheat and food grain producer).
Brazil is also big market (being soya bean and food grain producer), they have opened a subsidiary there to do local business ( stock and sell).
But at end of the day rebalancing of supply chain will happen and demand will come back. KPL being quality food grade manufacturer has sticky clientele.
In general because of economic slowdown all buyers are keeping low inventory. ( This is Applicable for everything in general not only FIBC).
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Hi Praveenji, have started tracking Kanpur plastipack recently, would like to know are you still invested and bullish on the prospectus of the companny?
If yes, pls share any recent updates regarding capacity and additions if any.
Recently promoters have added through 2 rounds of preferential issue.