Dixon to form JV with Japan's Rexxam to manufacture Printed Circuit Boards.

Dixon to form JV with Japan's Rexxam to manufacture Printed Circuit Boards.
Dixon Technologies, a contract manufacturer in electronic goods, on Tuesday announced a joint venture with Japan-based Rexxam Co Ltd for manufacturing Printed Circuit Boards (PCBs) for Air-Conditioners for the domestic and international market.
It has entered into a Memorandum of Understanding (MOU) with Rexxam to this effect and proposes to file necessary applications with the government to avail benefits under the Production-Linked incentive (PLI) Scheme.
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''Post execution of mutually acceptable agreements by the parties, the JV company will be 60 per cent owned by Rexxam & 40 per cent owned by Dixon,'' said a statement from Dixon Technologies.
Commenting over the development, Dixon Technologies Vice Chairman & Managing Director Atul B Lall said the company shares a long-standing relationship with Rexxam as it was manufacturing AC-PCBs for their Indian partner for more than seven years.