Thursday, February 29, 2024

Creating liberating content

HomeBusinessVelvin Group Forms...

Velvin Group Forms Strategic Joint Venture with Japanese Conglomerate to Accelerate Growth and Innovation – World News Network

NewsVoir
Mumbai (Maharashtra) [India], November 16: In a move that underscores the spirit of collaboration and the pursuit of innovation, two industry leaders, Velvin Group – a leading manufacturer of Paper based sustainable packaging solutions company in India and Rengo Co., Ltd., Japan have officially announced their strategic joint venture. This landmark partnership promises to level up the landscape of Corrugation Industry in India, while opening up new avenues for growth and success.
“Rengo, a global leader in paper and corrugated box manufacturing, and Velvin, with a profound understanding of the domestic market, are poised to create powerful synergies through their collaboration,” as articulated by Vincent Mathias, Managing Director of Velvin Group.
The decision to join forces in a joint venture for the upcoming Corrugation Unit in Cheyyar, Tamil Nadu comes after considering the potential benefits and synergies that could be harnessed by working together. Due to Rengo’s 30% equity participation, the company will change its name from ‘Velvin Containers Pvt. Ltd.’ to ‘Velvin Rengo Containers Private Limited’.
Rengo Co., Ltd. was founded in 1909 and is headquartered in Osaka, Japan. The Company together with its subsidiaries, manufactures and sells paperboard, Corrugated Boxes, Folding Cartons and Flexible Packaging in Japan and in other parts of the world. Rengo today operated 198 plants across 29 locations in Asia, Europe and North America.
One of the primary objectives of this joint venture is set to significantly enhance the market reach of both companies. By combining their distribution networks, Velvin Group and Rengo Group aim to make their packaging solutions more accessible to a global audience. This strategic partnership is aimed to spark ground-breaking research and development initiatives, leading to the creation of cutting-edge sustainable packaging solutions that will meet the evolving demands of the market.
To know more please visit: vel-vin.com.
(ADVERTORIAL DISCLAIMER: The above press release has been provided by NewsVoir. ANI will not be responsible in any way for the content of the same)


Disclaimer: This story is auto-generated from a syndicated feed of ANI; only the image & headline may have been reworked by News Services Division of World News Network Inc Ltd and Palghar News and Pune News and World News

Get notified whenever we post something new!

spot_img

Create a website from scratch

Just drag and drop elements in a page to get started with Newspaper Theme.

Continue reading

Jayesh Saini, chairman of Lifecare Hospitals, felicitated with “Best Emerging Leader 2023” – World News Network

New Delhi [India], November 16: In a momentous celebration of innovation and excellence, Jayesh Saini, the visionary Chairman of Lifecare Hospitals, has been honored with the prestigious "World's Best Emerging Brand for Lifecare" and "Best Emerging Leader" awards from the esteemed WCRCINT at The House of Lords, London.

SundayGrids Unveils Revolutionary ‘Digital Solar’ Platform, Paving the Way for Accessible Clean Energy in India – World News Network

Mumbai (Maharashtra) [India], November 16: SundayGrids, an innovative clean energy company, has launched a groundbreaking 'Digital Solar' service, revolutionizing the way urban India interacts with solar energy. This pioneering platform enables individuals to subscribe to solar power without the need for rooftop panel installations, overcoming one of the most significant barriers to solar adoption in densely populated areas.

Global Fisheries Conference India 2023 to be held in Ahmedabad on Nov 21- 22: Union Minister Rupala – World News Network

The curtain raiser event of the Global Fisheries Conference India 2023 Union Minister Parshottam Rupala said, "The Indian Fisheries Sector has shown a growth of in fish production, export, aquaculture that is the cumulative result of efforts from Centre, States/UTs and beneficiaries in all fields particularly Inland Fisheries that makes up for more than 70 per cent of the fish production".

Enjoy exclusive access to all of our content

Get an online subscription and you can unlock any article you come across.