Carborundum Universal

Carborundum Universal Limited (CUMI)
Public
Industry Engineering
Founded 1954
Headquarters Chennai, Tamil Nadu, India
Key people
 M. M. Murugappan
Products Abrasives, electro minerals, industrial ceramics, super refractories
Revenue IncreaseINR 22 billion (2014) (as on 31 March 2014)
Parent Murugappa Group
Website www.cumi-murugappa.com

Carborundum Universal Ltd (CUMI) , a part of Murugappa Group, one of the largest and oldest conglomerates in India. CUMI is the leading manufacturer and developer of abrasives, ceramics, refractories, alumium oxide grains, machine tools, polymers, adhesives and electro minerals in India.[1] CUMI is the only abrasive manufacturer with the diversification.

Global presence of the company is made through the establishment of number of subsidiaries across India, Russia, South Africa, Australia, China, Thailand and Canada.

History

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).[2]

Establishments

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[3]

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.[4] CUMI's first Industrial Ceramics division was established in Hosur, Tamil Nadu as a technical partnership with Coors Ceramics, USA in 1991.[5] Later it was expanded with the unique Matallized 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.[6] After a year CUMI established CUMI International Ltd in Cyprus.

Acquisitions

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.[7] 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.[8] The further acquisitions are followed in 2008, Foskor Zirconia Ltd, South Africa became a subsidiary of CUMI[9]

Diversification

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, India. CUMI established a 12MW Hydroelectric power plant at Maniyar, Kerala in 1994[10] 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.

Major divisions

Bonded abrasives

The major divisions are:

Product applications and materials

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

Subsidiaries

See also

Murugappa Group

References

  1. ↑ LastName, FirstName (2009). India business yearbook, 2009. Noida, UP New Delhi: Vikas Pub. House Distributors, UBS Publishers' Distributors. ISBN 9788125930860. Pg. No: 171
  2. ↑ Kazmi, Azhar (2008). Strategic management and business policy. New Delhi: Tata McGraw Hill Education. ISBN 9780070263628.Pg. No: 214
  3. ↑ "Murugappa Morgan".
  4. ↑ "Murugappa group-3M battle over Wendt India enters new phase". The Economic Times-Bennett, Coleman & Co. Ltd. Mar 9, 2012.
  5. ↑ Rao, B. V. S. (1995). Ceramic powders for high-tech applications. Hyderabad London: Universities Press distributor Sangam. p. 104. ISBN 0863115608.
  6. ↑ "Abrasive Enterprises sold". CBC/Radio-Canada. 2 March 2006.
  7. ↑ "Cutfast Abrasives merges with CUMI". The Indian Express. Dec 17, 1997.
  8. ↑ "The Economic Times". Bennett, Coleman & Co. Ltd. Jul 19, 2013.
  9. ↑ Survey, Geological (2011). Minerals Yearbook 2008 Metals and Minerals. US: Government Printing Office. ISBN 9781411330153. Pg.No: 85-3
  10. ↑ 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
  11. ↑ "NetAccess(India)".
  12. ↑ "Volzhky Abrasive Work".

External links

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