Carborundum forms 51:49 refractory JV with Israel firm

Wednesday, November 30th, 2011

Country’s leading manufacturer of abrasives and industrial ceramics Carborundum Universal, a part of Chennai-based Murugappa Group, has formed a joint venture with Israel-based Cellaris for the refractory business. It would be a 51:49 joint venture, with Carborundum holding 51 per cent and Cellaris picking up the rest. “We got the approval ...

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