CUMI partnership with refractory producer affected by protests in India

By Antonio Torrisi
Published: Thursday, 04 December 2014

Protests from the local population over environmental issues and jobs offers from the refractory industry has damaged the possibility of expansion of the group, as foreign potential partners step back in view of possible instabilities and disturbances.

Indian abrasive and furnaces producer Carborundum Universal Ltd (CUMI) said that a joint venture (JV) it had entered with a Israeli refractory group, has been damaged by protests.

CUMI, which did not reveal the name of the Israeli producer but recently entered into a JV with Cellaris Refractories, said it contacted the...

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