PCBL Chemical and Ningxia Jinhua Chemical to form a joint venture.

PCBL Chemical, an Indian manufacturer of carbon black, and Ningxia Jinhua Chemical, a Chinese chemical manufacturer, agreed to form a joint venture to set up its first Acetylene Black plant in India to meet the fast-growing demand of Indian Battery industry and export to the global battery, semiconductor and conductive markets, thereby aligning with market needs to build more resilient supply chains for critical conductive materials. Financial terms were not disclosed.