Carborundum Universal Ltd.

BSE: 513375 | NSE: CARBORUNIV
Small Cap | Abrasives
856.65
27.55 (3.32%)
< Home < Back

Carborundum Universal’s arm to acquire company in Germany

Date: 06-12-2021

Carborundum Universal’s (CUMI) wholly owned subsidiary -- CUMI International, Cyprus (CIL) has entered into an agreement on December 03, 2021 to acquire an existing company in Germany which will become a step-down subsidiary of CUMI. This acquisition will facilitate a base in European Union (EU) facilitating CUMI Group accessing markets in EU for its portfolio viz., Abrasives, Ceramics and Electrominerals.

Carborundum Universal pioneered the manufacture of Coated Abrasives and Bonded Abrasives in India in addition to the manufacture of Super Refractories, Electro Minerals, Industrial Ceramics and Ceramic Fibres.