Mitsubishi Pencil (TYO:7976) is forming a joint venture with Linc (NSE:LINC) to expand its writing instruments business into the Indian market, according to a filing on Friday.
The move aligns with the company's medium-term business plan 2022-2024, focusing on international growth.
The joint venture will serve as a base for raw material procurement, strengthening the supply chain, and is expected to become a consolidated subsidiary.
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