In a transfer that underscores the spirit of collaboration and the pursuit of innovation, two business leaders, Velvin Group – a number one producer of Paper based mostly sustainable packaging options firm in India and Rengo Co., Ltd., Japan have formally introduced their strategic three way partnership. This landmark partnership guarantees to stage up the panorama of Corrugation Industry in India, whereas opening up new avenues for development 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 Mr. Vincent Mathias, Managing Director of Velvin Group.
The resolution to be part of forces in a three way partnership for the upcoming Corrugation Unit in Cheyyar, Tamil Nadu comes after contemplating the potential advantages and synergies that might be harnessed by working collectively. Due to Rengo’s 30% fairness participation, the corporate will change its identify from ‘Velvin Containers Pvt. Ltd.’ to ‘Velvin Rengo Containers Private Limited’.
Rengo Co., Ltd. was based in 1909 and is headquartered in Osaka, Japan. The Company collectively with its subsidiaries, manufactures and sells paperboard, Corrugated Boxes, Folding Cartons and Flexible Packaging in Japan and in different components of the world. Rengo at this time operated 198 crops throughout 29 areas in Asia, Europe and North America.
One of the first aims of this three way partnership is about to considerably improve the market attain of each firms. By combining their distribution networks, Velvin Group and Rengo Group purpose to make their packaging options extra accessible to a world viewers. This strategic partnership is aimed to spark ground-breaking analysis and improvement initiatives, main to the creation of cutting-edge sustainable packaging options that may meet the evolving calls for of the market.
To know extra please go to: vel-vin.com.
