Dixon enters into JV agreement with Inventec

Dixon has entered into Joint Venture Agreement (JV Agreement) with Inventec. Pursuant to the said JV Agreement, Dixon IT Devices Private Limited (JV Company) will be 60% owned by Dixon and 40% owned by Inventec. The said JV Company will undertake manufacturing of Notebook PC Products, Servers, Desktop PC Products including Components in India.

Inventec Corporation, founded in 1975, manufactures Notebooks, Desktops PC, AIO, servers and handheld devices and has developed a strong foundation for global success. Inventec is one of the world's top 5 PC ODM.

Commenting on this occasion, Mr. Atul B. Lall, Vice Chairman & Managing Director, "We are delighted to partner with Inventec, a global leader in IT hardware manufacturing. This joint venture marks a significant milestone for Dixon as we expand our portfolio into high growth segments of notebooks & servers. With Dixon's operational efficiency and local expertise and Inventec's technological prowess in the IT hardware segment, we shall be striving to produce high-quality products while driving technological innovation and contributing to the development of India's IT infrastructure. The partnership aligns with the Government of India's vision of promoting domestic manufacturing & self-reliance under the Make in India scheme."

Mr. Jack Tsai, President of Inventec, "Dixon stands as one of India's most prominent electronics manufacturing firms, distinguished by its mature production systems, high degree of automation, and strong alignment with local government policies. This joint venture utilizes Dixon's robust domestic manufacturing capabilities and Inventec's strengths in the capabilities of engineering, supply chain and systems integration. The partnership significantly enhances our operational agility and service coverage within the Indian market. By offering a more diversified manufacturing footprint, we aim to strengthen supply chain resilience, optimize cost-efficiency, and align with Inventec's long-term globalization strategy."

Shares of Dixon Technologies (India) Limited was last trading in BSE at Rs. 16350.35 as compared to the previous close of Rs. 16481.70. The total number of shares traded during the day was 29871 in over 7760 trades.

The stock hit an intraday high of Rs. 16771.85 and intraday low of 16303.00. The net turnover during the day was Rs. 494959531.00.

Source : Equity Bulls

Keywords

DixonTechnologiesIndia INE935N01020 JVAgreement Inventec