Velvin Group and Rengo form joint venture for corrugation unit in Tamil Nadu

Velvin Group and Japan's Rengo formed a joint venture for an upcoming corrugation unit in Cheyyar, Tamil Nadu, with Rengo taking a 30% equity stake. Velvin Containers will be renamed Velvin Rengo Containers Private Limited.

“Due to Rengo's 30% equity participation, the company will change its name from 'Velvin Containers Pvt Ltd' to 'Velvin Rengo Containers Private Limited'.”daijiworld.com

• 1 source
• daijiworld.comMumbai: Velvin Group forms strategic joint venture with Japanese conglomerate - Daijiworld.comNov 17, 2023

Summarized from public sources; check the original articles before acting on it.