Financial Daily from THE HINDU group of publications
Thursday, Nov 04, 2004
Financial Daily from THE HINDU group of publications Thursday, Nov 04, 2004 |
||
|
|
||
|
Corporate
-
New Projects CUMI to set up refractories unit in Gujarat Our Bureau
Ahmedabad , Nov. 3 CARBORUNDUM Universal Ltd (CUMI), part of the Rs 5,266-crore Murugappa group, will set up a castable refractories unit at Okha, close to the company's bauxite mines in Gujarat. "We will manufacture castable refractories at Okha. Castable refractories are ready-mix materials that can be put up at the customer's site. These are low-end refractory linings that will be used by industries in the region," said Mr Ramesh Agarwal, Managing Director, on Wednesday. The investment in the new unit will be "small" at about Rs 1 crore, but it is expected to generate annual revenues of nearly Rs 10 crore. The refractory materials will be supplied to industrial units close to Okha in south Gujarat. "We extract non-abrasive grade of bauxite in our Okha mines. We are now trying to expand our product range by producing refractories," Mr Agarwal said. CUMI, which gets nearly 65 per cent of its turnover from different types of abrasives, plans to tap the Chinese and West Asian markets in the near future. The company already has a presence in the US, Australia and Europe, Mr Agarwal said.
More Stories on : New Projects | Steel
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2004, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|