Talbros Automotive forms JV with Lohum Cleantech for rCB and rubber

Talbros Automotive Components Ltd has executed a Joint Venture Agreement with Lohum Cleantech Private Limited to establish Lohum Talbros CarbonTech Private Limited. This new entity will focus on the trading, manufacturing, producing, and refining of recovered Carbon Black (rCB) and devulcanized rubber. The JV agreement outlines a shareholding structure where Lohum Cleantech Private Limited will hold 51% and Talbros Automotive Components Limited will hold 49%. The JV's Board will consist of five directors, with Lohum Cleantech nominating three and Talbros Automotive nominating two. Both companies are independent entities and not related parties. This strategic move diversifies Talbros' business into the circular economy space.