MANUFACTURING
CUMI Infuses Funds Into Cyprus Arm In Lieu Of German Subsidiary Closure
Carborundum Universal Ltd (CUMI), a Murugappa Group company engaged in abrasives, ceramics and electrominerals, has infused $3 million (₹28.78 crore) into its wholly owned subsidiary CUMI International Ltd, Cyprus. The investment has been made through subscription to the equity share capital of CUMI International to meet its funding requirements related to the proposed closure of […]
CW Bureau
·
Oct 1, 2026
MANUFACTURING
CUMI Optimises Portfolio, Remains Debt-Free Amid Global Uncertainties
Despite operating in a challenging business environment marked by demand volatility, import-led pricing pressures and shifting global trade dynamics, Carborundum Universal Ltd (CUMI) maintained a net debt-free standalone balance sheet and generated healthy free cash flow during FY26, underlining the resilience of its operating model. In his message to shareholders in the company’s Annual Report […]
CW Bureau
·
Jul 17, 2026
MANUFACTURING
Carborundum Universal Starts Thin Wheel Production At Hosur Facility
Carborundum Universal Ltd (Cumi), part of the Murugappa Group, has commenced commercial production of cutting and grinding wheels (thin wheels) at its manufacturing facility in Hosur. The new plant established at an investment of ₹83 crore is expected to generate a turnover of around ₹160 crore at peak capacity utilisation. The new production line has […]
CW Bureau
·
Mar 16, 2026
