Joint Venture24 Jul 2025, 06:12 pm
EPACK Durable Ltd. Executes Joint Venture Agreement with Bumjin Electronics Co. Limited
AI Summary
EPACK Durable Limited has executed a Joint Venture Agreement with Bumjin Electronics Co. Limited to enable the Joint Venture Company to carry on the business of manufacturing and sale of SKD/CKD based television speakers and soundbars. The Company will hold 66.67% stake in the JV Co. and the balance 33.33% shall be held by Bumjin.
Key Highlights
- EPACK Durable Limited has executed a Joint Venture Agreement with Bumjin Electronics Co. Limited
- The Joint Venture Company will carry on the business of manufacturing and sale of SKD/CKD based television speakers and soundbars
- The Company will hold 66.67% stake in the JV Co. and the balance 33.33% shall be held by Bumjin
- The Joint Venture is expected to bring the world’s leading manufacturing excellence of TV Speakers and sound bar systems into India
- This expansion leverages Company’s existing strengths in electronics and manufacturing, along with its R&D, supply chain, and distribution capabilities