23.30 (2.81%) Carborundum Universal’s wholly owned subsidiary -- CUMI International, Cyprus (CIL) has completed the acquisition of stake in Alstadtsee 492.V V Gmbh (renamed CUMI Gmbh). With this, Alstadtsee has become a step-down subsidiary of Carborundum Universal.
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.