CUMI to buy all shares in Cellaris Refractories JV

Published: Monday, 04 August 2014

The move to purchase all shares from Israel’s Cellaris Ltd underlines the Indian refractories company’s commitment to the market. Although its latest results show stagnant growth, it is looking to expand its offering and is preparing for a boost in demand.

Indian abrasives producer Carborundum Universal Ltd (CUMI) intends to buy all outstanding shares of its JV set up with Israeli partner Cellaris Ltd, Cellaris Refractories India Ltd.

A letter of intent was sent to...

This is a preview of the full article

Our market news and price data is reserved for registered users only.

Current customer? Login now

All of our industrial minerals price data and news is now available only through our new platform. Learn more about the intelligence we offer by visiting our Fastmarkets flagship website. If you are familiar with our reliable and trusted intelligence, fill out a request a quote form today to hear from our friendly sales staff who will create a custom license for you.


Interested in lithium prices? We now offer lithium prices and coverage free for reference. Click here to read all about it.

Interested in the wider electrification market?
Join our growing community of participants who want to learn more about electrification and how this market is developing.