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Carborundum Universal

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Carborundum Universal Limited (CUMI)
Company typePublic
IndustryEngineering
Founded1954
HeadquartersChennai, Tamil Nadu, India
Key people
M. M. Murugappan
ProductsAbrasives, electro minerals, industrial ceramics, super refractories;
RevenueIncrease ₹4,731 crore (US$570 million) (FY23)[1]
Increase ₹413 crore (US$49 million) (FY23)[1]
ParentMurugappa Group
Websitewww.cumi-murugappa.com

Carborundum Universal Ltd (CUMI) is an Indian company which manufactures and develops abrasives, ceramics, refractories, aluminium oxide grains, machine tools, polymers, adhesives and electro minerals in India.[2] It is a part of the great Murugappa Group.

The company has subsidiaries in India, Russia, South Africa, Australia, China, Thailand and Canada.

History

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CUMI-1954

CUMI was established as a result of diversification from banking business through cycle manufacturing with the intent to manufacture abrasive materials. CUMI's parent company, the Murugappa Group, made a tie up with the Carborundum, UK, a subsidiary of American abrasive manufacturer, Carborundum, USA and the Universal Grinding Co. Ltd., UK in 1950. The result was the Carborundum Universal of Madras. Then it was renamed and incorporated in 1954 as Carborundum Universal Ltd (CUMI).[3]

Establishments

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Initially CUMI was founded to manufacture the core products for the collaborating companies. Later the company established its first bonded abrasive plant at Chennai with the facility acquired from Ajax Products and began its manufacturing in the abrasives platform. With the intention of producing technical ceramics for high temperature insulation products CUMI has made joint venture with Morgan Crucible Plc. UK resulted in the establishment of Murugappa Morgan Thermal Ceramics Ltd in 1982.[4]

The company has laid a strong foundation in Engineered Ceramics through number of joint ventures. In 1991 Wendt (India) Ltd, a joint ventured company of Wendt GmbH, Germany and The House of Khataus, was merged with the CUMI.[5] CUMI's first Industrial Ceramics division was established in Hosur, Tamil Nadu as a technical partnership with Coors Ceramics, USA in 1991.[6] Later it was expanded with the unique Metallized Cylinders Plant.

As a part of expanding their presence, in 2005 the company started CUMI Middle East FZE in Ras Al Khaimah. In order to strengthen their global presence CUMI bought Abrasive Enterprises Inc., Canada, for $2.24 Million by 2006.[7] After a year CUMI established CUMI International Ltd in Cyprus.

Acquisitions

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With in a decade, after the withdrawal of the collaborators, CUMI acquired Ajax Products Pvt Ltd. CUMI stepped up in abrasive industries by acquiring the Eastern Abrasives Ltd, Kolkata in 1978. In 1997 Cutfast Abrasive Tools Ltd, Eastern Abrasive Ltd, Cutfast Polymers Ltd and Carborundum Universal Investment are joined with Carborundum Universal Ltd.[8] With in a year of acquisition of Sterling Abrasives Ltd and SEDCO in 2003, CUMI acquired CUMI Australia Pty Ltd., Australia. In 2007 the company took over a china based firm Sanhe Yanjiao Jingri Diamond Industrial Company Ltd and Russian Volzhsky Abrasive Works.[9] The further acquisitions are followed in 2008, Foskor Zirconia Ltd, South Africa became a subsidiary of CUMI[10]

Diversification

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Besides manufacturing, marketing and distribution CUMI also involved in a diversified works like mining, power generation and TOT agreements with various organizations. CUMI acquired Bauxite mines at Bhatia and Okha of Gujarat in India, Silicon Carbide plant in Koratty, Kerala and a Brown Aluminium Oxide grains Plant at Edapally, Kerala, India. CUMI established a 12MW Hydroelectric power plant at Maniyar, Kerala in 1994[11] and a 5.5MW Wind mill at Nallur.

CUMI made a technology transfer with Answer Technology Inc., USA for advanced monolithics and a technical collaboration with National Institute for Interdisciplinary Science and Technology of India, Bhabha Atomic Research Centre of India and Pennsylvania State University of USA for the development of advanced ceramic technology.

CUMI Direct

CUMI Direct was started in the year of 2005. CUMI direct is selling

Most of the products are granted CE and GS certificates.

Major divisions

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Bonded abrasives

The major divisions are:

Product applications and materials

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Advanced Ceramic Products

The range of applications of different divisions like material removal, polishing the rough surface, fine finishing by the Abrasives division, wear resistant, heat resistant, liners and metallized ceramics by the Ceramics division, heat resistant, containment products from Super refractories division and the raw materials for abrasives and refractories by the Electrominerals division.

Joint ventures

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  • Wendt (India) Limited
  • Murugappa Morgan Thermal Ceramics Ltd.
  • Ciria India Limited

Subsidiaries

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  • CUMI Abrasives and Ceramics China Limited (CACCL)
  • CUMI America Inc.
  • CUMI Australia Pty. Ltd. (CAPL)
  • CUMI Canada Inc.
  • CUMI International Limited, Cyprus
  • CUMI Middle East FZE
  • Cellaris Refractories India Limited
  • Foskor Zirconia Pty Ltd-South Africa
  • Net Access India Limited[12]
  • Southern Energy Development Corporation Limited (SEDCO)
  • Sterling Abrasives Limited-Ahmedabad
  • Pluss Advanced Technologies[13]
  • Volzhsky Abrasive Works-Russia[14]

See also

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References

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  1. ^ a b "Carborundum Universal Ltd Q4FY23 consolidated net profit up at Rs. 137.12 crores". EquityBulls. 8 May 2023. Retrieved 21 March 2024.
  2. ^ LastName, FirstName (2009). India business yearbook, 2009. Noida, UP New Delhi: Vikas Pub. House Distributors, UBS Publishers' Distributors. ISBN 9788125930860. Pg. No: 171
  3. ^ Kazmi, Azhar (2008). Strategic management and business policy. New Delhi: Tata McGraw Hill Education. ISBN 9780070263628.Pg. No: 214
  4. ^ "Murugappa Morgan".
  5. ^ "Murugappa group-3M battle over Wendt India enters new phase". The Economic Times-Bennett, Coleman & Co. Ltd. 9 March 2012. Archived from the original on 5 March 2016.
  6. ^ Rao, B. V. S. (1995). Ceramic powders for high-tech applications. Hyderabad London: Universities Press distributor Sangam. p. 104. ISBN 0863115608.
  7. ^ "Abrasive Enterprises sold". CBC/Radio-Canada. 2 March 2006.
  8. ^ "Cutfast Abrasives merges with CUMI". The Indian Express. 17 December 1997. Archived from the original on 5 March 2016. Retrieved 1 April 2015.
  9. ^ "The Economic Times". Bennett, Coleman & Co. Ltd. 19 July 2013. Archived from the original on 22 July 2013.
  10. ^ Survey, Geological (2011). Minerals Yearbook 2008 Metals and Minerals. US: Government Printing Office. ISBN 9781411330153. Pg.No: 85-3
  11. ^ Honningsvåg, Bjørn (2001). Hydropower in the new millennium : proceedings of the 4th International Conference on Hydropower Development, Hydropower '01, Bergen, Norway, 20-22 June 2001. Lisse, Netherlands Exton (PA: A.A. Balkema. ISBN 9789058091956.Pg. no: 223
  12. ^ "NetAccess(India)".
  13. ^ "PLUSS Advanced Technologies".
  14. ^ "Volzhky Abrasive Work".
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