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

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

- Type: Partnership
- Announced: 2023-11-18
- Where: Cheyyar, Tamil Nadu, India
- Status: announced
- Products: corrugated boxes, paperboard, folding cartons

## Companies

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

## Sources

- [packagingsouthasia.com](https://packagingsouthasia.com/invest-ma-jv/velvin-partners-with-rengo-japan-for-corrugation-unit-in-tamil-nadu/), 2023-11-18: "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.