Latest news with #PCBLChemicalUSAInc
Business Standard
29-07-2025
- Business
- Business Standard
PCBL Chemical incorporates subsidiary in U.S. to drive growth in North America
PCBL Chemical announced that it has incorporated a wholly owned subsidiary, PCBL Chemical USA Inc., under the laws of the State of Delaware, United States of America, further strengthening its position as a global player in the industry. The company has subscribed to 1,000 equity shares of PCBL Chemical USA Inc., each having a face value of $1, aggregating to a total consideration of $1,000. These shares have been issued at par and are held entirely by the company, thereby establishing PCBL Chemical USA Inc. as a wholly owned subsidiary. The subsidiary in USA will facilitate easier access to the North American markets. A local subsidiary in USA would further help to gain strategic market access, proximity to customers and understand regulatory and incentive landscape. The company enables localization of supply chains of carbon black and speciality chemicals which is of critical strategic significance. PCBL Chemical is a part of the RP-Sanjiv Goenka Group. It is Indias largest carbon black manufacturer, committed to sustainable growth. It also emphasizes performance materials and specialty chemicals, serving a diverse customer base in over 50 countries. The companys consolidated net profit declined 20.3% to Rs 94.05 crore on 1.4% fall in net sales to Rs 2,114.05 crore in Q1 FY26 over Q1 FY25. The counter shed 0.90% to end at Rs 384.80 on the BSE.
The Print
28-07-2025
- Business
- The Print
PCBL Chemical incorporates US subsidiary to expand its North America footprint
This subsidiary will facilitate easier access to the North American markets and enable strategic market access, proximity to customers, and a better understanding of the regulatory and incentive landscape, said the RP-Sanjiv Goenka Group firm. The new entity, PCBL Chemical USA Inc, has been set up under the laws of the state of Delaware, it said. Kolkata, Jul 28 (PTI) PCBL Chemical Ltd has incorporated a wholly-owned subsidiary in the US as part of its strategy to expand its global footprint and tap into the North American market, the company said in a regulatory filing on Monday. Localisation of supply chains for carbon black and speciality chemicals through the new subsidiary is of critical importance and will strengthen the company's position as a global player, it said. Nanovace Technologies Ltd, a subsidiary of PCBL, announced earlier this month that it has secured a US patent for its proprietary nanomaterial development method for next-generation energy storage technologies. PCBL Chemical Ltd reported a 19.7 per cent year-on-year drop in its consolidated net profit to Rs 94 crore for the quarter ended June 30. It had recorded a net profit of Rs 117.9 crore in the year-ago period. Revenue from operations was marginally lower at Rs 2,114 crore, down from Rs 2,143 crore in the corresponding period. Carbon black revenue stood at Rs 1,663.58 crore during the quarter, compared to Rs 1,734 crore in the same period last year. PTI BSM SOM This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
