Tecnocap to enter India and the Far East
Tecnocap, a global player of metal packaging, enters into India and the Far East. At the same time, it signs a joint venture with Indian producer of metal and plastic packaging Oricon Enterprise.
“This joint venture marks our full entry into the Indian and Far Eastern markets and represents a key stage in our international growth strategy,” comments Michelangelo Morlicchio, CEO of Tecnocap. He adds: “We achieved this through business diversification and expansion towards high-growth markets. Beyond seizing the great opportunities for market growth, this alliance gives us the chance to exploit mutual synergies to operate successfully thanks to the highest quality products, services and logistics.”
Tecnocap was founded in Italy, in 1993. The company operates in the industrial production of metal closures for glass and plastic containers, aluminium aerosol cans and bottles. It also produces capping machines. Their largest markets are Europe and North America. Tecnocap has eight production sites in the EU and USA and over 900 employees. This joint venture in India is part of the international growth strategy. The company evaluates further opportunities in innovative businesses an emerging markets.
Source: Cross-Border Magazine