Japanese pencil maker, Mitsubishi Pencil, has divulged interest to increase stake in Linc Pen & Plastics Limited.
It had bought 13.5% stake in the company for R20 Cr earlier in March this year to enhance presence and combine technology and marketing strategies of both the firms.
Mitsubishi sells its pens under the 'Uni' brand, plans to start local production in the country in next 6-12 months.
This brand contributes nearly 15% to Linc's domestic turnover and it is expected that this new relationship will substantially increase the contribution of the Mitsubishi brands to Linc's total sales revenue. Linc is also associated with Lamy and Bensia.
Mitsubishi operates in the value-added segment with pens priced in the R50-100 segment, while Linc operates in the mass market, sub-R30 segment. Linc has been exclusive sales partner for Mitsubishi in India for last 20 years.
Among the pen makers, Japanese firm Kokuyo S&T Co. was set to acquire 50.3% in Camlin Ltd. for R360 Cr.
In January this year Italian company Fabbrica Italiana Lapis ed Affini (FILA) acquired 18.5% stake in RR Group’s Writefine Pencils with the option to hike this to 50%.
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Tags
Mitsubishi Pencil ,
Linc Pen & Plastics Limited ,
Kokuyo S&T Co. ,
pencil ,
pens ,
stationery ,
uni ,
stake increase ,
Mitsubishi Pencil ,
Linc Pen & Plastics Limited ,
Kokuyo S&T Co.
KVEZAR VIEW
Company |
| Name | Promoters | Office | Competitor | Website |
| Linc Pen & Plastics Limited |
Aloke Jalan
Prakash Jalan
Deepak Jalan |
Satyam Towers, 3, Alipore Road |
|
http://www.lincpen.com |
