CUMI partnership with refractory producer affected by protests in India
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
CUMI, which did not reveal the name of the Israeli producer
but recently entered into a JV with Cellaris Refractories, said
it contacted the...