CUMI announces commercial production from its new Cutting and Grinding Wheel Manufacturing Facility at Hosur

Carborundum Universal Limited (CUMI) announces the commencement of commercial production of its Cutting and Grinding wheels (Thin wheel) at its Hosur facility. In 2023, the CUMI Group acquired the manufacturing lines, technology and brand of DRONCO GmbH, Germany. These manufacturing lines have been relocated and commissioned at CUMI India's Hosur facility. With the commissioning of this new production facility, CUMI India's total annual cutting and grinding wheel manufacturing capacity will increase from 45 million wheels to over 90 million wheels.

The unique features of this plant include the state-of-the-art mixing unit with SCADA based Process controls, automated press lines integrated with unmanned oven handling and curing systems (U-Lines) and an ambient control system that ensures stability in the raw material characteristics. These features enable consistent product performance while strengthening cost competitiveness. The plant has also received a certification from Organization for the Safety of Abrasives (oSa) , worldwide protected trademark certifying that cutting and grinding tools meet the highest safety standards.

The products manufactured at this facility will cater to a wide range of industrial applications including fabrication, general engineering and construction. The plant has been established with an investment of Rs. 83 crore and, at peak capacity utilization, is expected to generate a turnover of Rs. 160 crore.

Shares of Carborundum Universal Limited was last trading in BSE at Rs. 758.05 as compared to the previous close of Rs. 755.65. The total number of shares traded during the day was 10284 in over 754 trades.

The stock hit an intraday high of Rs. 763.25 and intraday low of 738.25. The net turnover during the day was Rs. 7716651.00.

Source : Equity Bulls

Keywords

CarborundumUniversal INE120A01034 CUMI CommercialProduction Hosur