Oricon Forms Joint Venture With Italian Firm To Manufacture Lug Caps
Oricon Enterprises, the flagship entity of Parijat Enterprises, has signs JV agreement with Italian firm Tecnocap Group to set up a new company, Tecnocap Oriental. The new company will manufacture lug caps, the manufacturing unit will be located at Murbad in dist. Thane. "The aim of this JV is to provide state-of-the-art packaging solutions to Indian customers", said Michelangelo Morlicchio, CEO of Tecnocap Group. Investment banker Singhi Advisors was the adviser to Oricon Enterprises and Tecnocap Group on this transaction.