# Tecnocap and Oricon form Tecnocap Oriental joint venture in Mumbai, India

Italian metal packaging group Tecnocap set up joint venture Tecnocap Oriental in Mumbai with Indian packager Oricon Enterprise, taking 75% control via the acquisition of Oricon's Metal Lug business. It marks Tecnocap's entry into India and the Far East.

- Type: Acquisition
- Announced: 2020-03-18
- Where: Mumbai, India
- Status: completed
- Products: metal closures, aluminium aerosol cans, capping machines
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Oricon Enterprises](https://endata.com/companies/2286.md) (partner)
- [Tecnocap](https://endata.com/companies/6260.md) (acquirer)
- [Oricon Enterprise](https://endata.com/companies/6261.md) (partner)

## Sources

- [packagingnews.co.uk](https://www.packagingnews.co.uk/news/materials/metal/tecnocap-enters-india-far-east-markets-18-03-2020), 2020-03-18: "This joint venture marks our full entry into the Indian and Far Eastern markets."
- [tecnocapclosures.com](https://www.tecnocapclosures.com/media-releases/tecnocap-signs-joint-venture-deal-in-india/), 2020-03-26: "giving it a 75 per cent share in the jointly-formed Tecnocap Oriental"

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