Tech-Long Looks to Boost Image in South Asia With India Joint Venture
Tang Shihua
DATE:  May 23 2018
/ SOURCE:  Yicai
Tech-Long Looks to Boost Image in South Asia With India Joint Venture Tech-Long Looks to Boost Image in South Asia With India Joint Venture

(Yicai Global) May 23 -- A unit under Guangzhou Tech-Long Packaging Machinery Co. plans to set up a joint venture making packaging machinery in India as it looks to enhance its brand across South Asia.

Guangzhou Tech-Long Packaging Machinery Industrial Co. and M/s Sure Capital Co., an investment firm from Dubai, will set up the new company in Ahmedabad, Gujarat state, the Tech-Long parent said in a statement yesterday.

The drinks packaging maker hopes to optimize its overseas structure and increase profitability by capturing a larger share of the market in India and surrounding countries, it said, adding that the firm will chip in USD3 million of its own money to take a 60-percent share of the firm.

The statement did not give further details of the joint venture's plans.

Editor: James Boynton

Follow Yicai Global on
Keywords:   Beverage Packing,Smart Production,INDIA,Dubai,Tech-Long Packaging Machinery