Tag: business restructuring
MANUFACTURING CUMI To Wind Up AWUKO Abrasives GmbH Amid Persistent Losses

Murugappa group company Carborundum Universal Ltd (CUMI) has initiated steps to wind down its German step-down subsidiary, CUMI AWUKO Abrasives GmbH (CAAG), citing continued underperformance and mounting losses. The decision was approved by the Board of CUMI International Ltd (CIL), Cyprus, the holding company of CAAG, to proceed with a voluntary winding-up process under German laws. […]

CW Bureau · Mar 31, 2026
MANUFACTURING M&M Japanese Arm To Wind Up Farm Machinery Biz On Persistent Losses

Mahindra and Mahindra (M&M) on Monday said its associate firm Mitsubishi Mahindra Agricultural Machinery Co., Ltd. (MAM) and its subsidiaries will withdraw from the agricultural machinery business, citing continued losses despite multiple structural measures aimed at restoring profitability. MAM’s board approved the decision on March 2 after a detailed assessment of the business’s long-term viability […]

CW Bureau · Mar 2, 2026