# 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.

- Type: Acquisition
- Announced: 2023-11-17
- Where: Cheyyar, Tamil Nadu, India
- Status: announced
- Products: corrugated boxes, paperboard, sustainable paper packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Rengo](https://endata.com/companies/1314.md) (investor)
- [Velvin Group](https://endata.com/companies/11243.md) (partner)

## Sources

- [daijiworld.com](https://www.daijiworld.com/news/newsDisplay?newsID=1140791), 2023-11-17: "Due to Rengo's 30% equity participation, the company will change its name from 'Velvin Containers Pvt Ltd' to 'Velvin Rengo Containers Private Limited'."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.