JBDI Holdings is a Singapore-based reconditioner and supplier of industrial containers — primarily steel drums, plastic drums, carboys, and intermediate bulk containers used to transport and store liquids and powders across chemicals, petroleum, solvents, and edible oils industries. JBDI's core business involves buying used containers from industrial customers, reconditioning them at its own licensed plant, and reselling them. The reconditioning process includes external and internal cleaning, de-denting, repainting, and quality inspection. Containers that cannot be reconditioned are scrapped and sold as recycled materials. Over 70% of revenue comes from container sales (both reconditioned and new, with new containers sourced from suppliers in China and Malaysia), and the remainder from ancillary services including reconditioning services, container collection and delivery, and scrap recycling. JBDI operates a fleet of 10 delivery trucks and holds a toxic waste transport license. JBDI sells primarily in Singapore, with some sales to Indonesia and Malaysia, and serves over 300 customers. JBDI uses a cost-plus pricing model, and profitability is driven by procurement costs for used containers, reconditioning yield, and labor costs. Reconditioning is labor-intensive, and JBDI keeps production, logistics, and maintenance in-house. Growth initiatives include expanding storage capacity, targeting new verticals like semiconductors and shipyards, geographic expansion into Malaysia and Indonesia, automation investment, fleet electrification, and M&A in adjacent waste management areas.