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Carborundum Universal’s arm enters into binding agreement with RHI AG, Austria

20 Jun 2012 Evaluate

CUMI International, Cyprus a wholly owned subsidiary of Carborundum Universal (CUMI), India, has entered into a binding agreement with RHI AG, Austria, for the purchase of 100% of the equity of RHI’s South African subsidiary, RHI Isithebe, including the refractory manufacturing facilities of RHI Refractories Africa, in South Africa.

Isithebe is one of the largest fused mineral manufacturing facilities in Africa and can deliver up to 30,000 tonnes of various fused minerals a year. CUMI is one of the few companies globally that is not only involved in fused minerals and refractories, but also have existing operations in South Africa.

Besides, CUMI would also introduce its own technologists to enhance the electro mineral operations and to extend the ready-use-product range. The deal will be formally concluded as soon as the necessary clearances are obtained and all conditions precedent are met.

CUMI is a fully vertically integrated Abrasives, Electro-minerals, Ceramics, Refractory Company with operations in Australia, Canada, China, India, Middle East, Russia, South Africa, Thailand and the USA.

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