Velvin Group Forms Strategic Joint Venture with Japanese Conglomerate


Rons Bantwal
Kemmannu News Network, 18-11-2023 01:42:29


Write Comment     |     E-Mail To a Friend     |     Facebook     |     Twitter     |     Print


Velvin Group Forms Strategic Joint Venture with Japanese Conglomerate to Accelerate Growth and Innovation
    
Mumbai, November 17: In a move that underscores the spirit of collaboration and the pursuit of innovation, two industry leaders, Velvin Group - a leading manufacturer of Paper based sustainable packaging solutions company in India and Rengo Co., Ltd., Japan have officially announced their strategic joint venture. This landmark partnership promises to level up the landscape of Corrugation Industry in India, while opening up new avenues for growth 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 Vincent Mathias, Managing Director of Velvin Group.

The decision to join forces in a joint venture for the upcoming Corrugation Unit in Cheyyar, Tamil Nadu comes after considering the potential benefits and synergies that could be harnessed by working together. Due to Rengo’s 30% equity participation, the company will change its name from ’Velvin Containers Pvt. Ltd.’ to ’Velvin Rengo Containers Private Limited’.

Rengo Co., Ltd. was founded in 1909 and is headquartered in Osaka, Japan. The Company together with its subsidiaries manufactures and sells paperboard, Corrugated Boxes, Folding Cartons and Flexible Packaging in Japan and in other parts of the world. Rengo today operated 198 plants across 29 locations in Asia, Europe and North America.

One of the primary objectives of this joint venture is set to significantly enhance the market reach of both companies. By combining their distribution networks, Velvin Group and Rengo Group aim to make their packaging solutions more accessible to a global audience. This strategic partnership is aimed to spark ground-breaking research and development initiatives, leading to the creation of cutting-edge sustainable packaging solutions that will meet the evolving demands of the market.

About Velvin: Velvin Group has established itself as one of the pre-eminent manufacturers in the Corrugation and Paper Bag industry in India and across the globe.

Incorporated in the year 1987 and headquartered in Mumbai, Velvin Group continues to grow under the dynamic leadership of its Founder and Managing Director – Mr. Vincent Mathias, a first generation entrepreneur. With an idea of building a world class infrastructure at its core, Velvin Group today operates 5 manufacturing units across Goa and Maharashtra.

With team of professionals trained over the years, Velvin Group positions itself as a partner delivering packaging solutions to meet customer requirements of product safety, branding, transportation and distribution well surpassing the traditional practice of just manufacturing.

Write your Comments on this Article
Your Name
Native Place / Place of Residence
Your E-mail
Your Comment   You have characters left.
Security Validation
Enter the characters in the image above
    
Disclaimer: Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Kemmannu.com will not be responsible for any defamatory message posted under this article.
Please note that under 66A of the IT Act, sending offensive or menacing messages through electronic communication service and sending false messages to cheat, mislead or deceive people or to cause annoyance to them is punishable. It is obligatory on kemmannu.com to provide the IP address and other details of senders of such comments, to the authority concerned upon request. Hence, sending offensive comments using kemmannu.com will be purely at your own risk, and in no way will Kemmannu.com be held responsible.
Similarly, Kemmannu.com reserves the right to edit / block / delete the messages without notice any content received from readers.




Udupi hosts its first ever national level dragon b
View More

The Historic Thonse Padumane Kambala is scheduled to be held on Sunday 3rd December, 2023.The Historic Thonse Padumane Kambala is scheduled to be held on Sunday 3rd December, 2023.
Bible Samavesh | Our Lady of Fathima Church, PerampalliBible Samavesh | Our Lady of Fathima Church, Perampalli
All Souls’ Day | St. Theresa Church, KemmannuAll Souls’ Day | St. Theresa Church, Kemmannu
Shop for rent at GSJ Galaxy, near fish market, Santhekatte. Contact : 9880085096Shop for rent at GSJ Galaxy, near fish market, Santhekatte. Contact : 9880085096
Sacerdotal Golden Jubilee & Episcopal Silver Jubilee of Most Rev. Dr. Leo Cornelio S.V.DSacerdotal Golden Jubilee & Episcopal Silver Jubilee of Most Rev. Dr. Leo Cornelio S.V.D
Catholic Sabha Udupi & Theresa Cornelio Kemmannu, Educational Scholarship Fund : October 2023Catholic Sabha Udupi & Theresa Cornelio Kemmannu, Educational Scholarship Fund : October 2023
Titular Feast of St. Theresa | St. Theresa Church, KemmannuTitular Feast of St. Theresa | St. Theresa Church, Kemmannu
Naturya - Taste of Namma Udupi - Order NOWNaturya - Taste of Namma Udupi - Order NOW
Rozaricho Gaanch - Issue September 2023, Mount Rosary Church, Kallianpur,Rozaricho Gaanch - Issue September  2023,  Mount Rosary Church, Kallianpur,
Milagres Cathedral, Kallianpur, Udupi - Parish Bulletin - September 2023 IssueMilagres Cathedral, Kallianpur, Udupi - Parish Bulletin - September 2023 Issue
Milagres Cathedral, Kallianpur celebrates Monthi Fest - Flower ShoweringMilagres Cathedral, Kallianpur celebrates Monthi Fest - Flower Showering
New Management takes over Bannur Mutton, Santhekatte, Kallianpur. Visit us and feel the difference.New Management takes over Bannur Mutton, Santhekatte, Kallianpur. Visit us and feel the difference.
Rozaricho Gaanch June, 2023 Issue from Mount Rosary Church, Kallianpur,Rozaricho Gaanch June, 2023 Issue from Mount Rosary Church, Kallianpur,
KPL Super League • Cricket | LIVE from KemmannuKPL Super League • Cricket | LIVE from Kemmannu
Focus Studio, Near Hotel Kidiyoor, UdupiFocus Studio, Near Hotel Kidiyoor, Udupi