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MITSUBISHI PENCIL CO LTD Plans To Raise Stake In Indian Partner Linc Pen & Plastics Ltd-The Economic Times

Wednesday, 28 Nov 2012 06:33pm EST 

The Economic Times reported that MITSUBISHI PENCIL CO LTD plans to increase its stake in its Indian partner Linc Pen & Plastics Ltd from a little over 13% that it bought early this year. Mitsubishi Pencil Co's global president Eiichiro Suhara said the Company is eager to invest in Linc Pens since it has identified India as its main growth market, while Europe and the U.S are slowing. 

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