Carborundum Universal ( CUMI) has drawn up Rs200 crore investment plans for the current fiscal to keep up its growth momentum.
It plans to add capacity in various businesses covering both domestic and overseas operations, the Chennai-based company belonging to the Murugappa Group said in a communication to the stock exchanges today.
It plans to increase capacity in abrasive thin wheels, converted coated products, sintered alumina grains, alumina zirconia grains and lined equipment fabrication facility.
The company also plans to set up a greenfield project for fired and castable refractories.
In its overseas business, capacity expansion in Russia and South Africa would be completed during this year.
Segment-wise, while the ceramics segment showed a growth of 30% plus during the year, the abrasives and electro minerals segments chipped in with 20% plus. Overseas subsidiaries, particularly in Russia, South Africa and Australia, recorded a robust show.
....more info
It plans to add capacity in various businesses covering both domestic and overseas operations, the Chennai-based company belonging to the Murugappa Group said in a communication to the stock exchanges today.
It plans to increase capacity in abrasive thin wheels, converted coated products, sintered alumina grains, alumina zirconia grains and lined equipment fabrication facility.
The company also plans to set up a greenfield project for fired and castable refractories.
In its overseas business, capacity expansion in Russia and South Africa would be completed during this year.
Segment-wise, while the ceramics segment showed a growth of 30% plus during the year, the abrasives and electro minerals segments chipped in with 20% plus. Overseas subsidiaries, particularly in Russia, South Africa and Australia, recorded a robust show.
....more info