Charting Global Course: Linc inks dual JVs with Mitsubishi and SILKA
Linc on Thursday announced two joint ventures (JV) — with Japan's Mitsubishi Pencil Company where it has a 49% shareholding and an equal ownership JV with Turkey's Silka Kirtasiye Imalat Sanayi Ve Ticaret Ltd Sirketi (SILKA), as per company's disclosures to the stock markets.
Incidentally, Mitsubishi Pencil also holds a 13.45% stake in Linc. The promoter and promoter group owns 59.5% in the company
Deepak Jalan, managing director of Linc, said in a release that the Mitsubishi JV will enable the company to offer advanced Japanese technology at more affordable price points. The partnership aims to utilise Mitsubishi’s technology and manufacture its products locally in India. It will also source certain raw materials locally to reduce costs further, it said.
The Mitsubishi joint venture will also export both brands' products to international markets. The operations of the JV are expected to start from January next year and the business from July 2025. Linc has been the exclusive distributor of Mitsubishi’s ‘Uni’ and ‘Uniball’ branded pens in India for over 30 years. The annual turnover of Mitsubishi is over $500 million.
The equal JV with SILKA is to manufacture writing instruments in Turkey and their sale in Turkey and neighbouring countries.
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