Carborundum Universal, popularly known as CUMI, is engaged in manufacturing of coated and bonded abrasives, super refractories, electrominerals, industrial ceramics and ceramic fibres in India.
Incorporated in 1954, the company was formed as a collaboration between Murugappa Group, Carborundum Inc, USA, and the Universal Grinding Wheel Co of the UK.
CUMI manufactures over 20,000 different types of abrasives, refractory products and electrominerals. Globally, the company has a presence in 43 countries with retail network of 200,000 outlets.
The company's manufacturing facilities are situated in 14 locations. Most of CUMI's manufacturing plants have received ISO 9002 certification for its quality management.
The company operates its in-house research and development operations and collaborative research with foreign institutions in order to sustain its position in India and aboard.
In 2011 Carborundum Universal tied up with UK’s Sheffield Refractories and Anderman.
CUMI is a flagship company of the $2.4 billion (Rs 8,594 crore) Murugappa Group. The group has business interests in engineering, abrasives, finance, general insurance, fertilisers, farm inputs, sugar, bio-products, nutraceuticals, cycles and plantations. It has 29 limited companies under its umbrella, with manufacturing facilities spread across 13 states in India.
The group has employee strength of over 30,000 people. Besides CUMI, the group owns companies like Cholamandalam DBS, Cholamandalam MS General Insurance, EID Parry, Parry Agro and TI of India.
Areas of business
Carborundum Universal is into manufacturing of industrial ceramic material-based products and service provider. It operates in three business segments:
Abrasives- Abrasives being the core product of the company, it produces range of abrasives such as bonded abrasives, coated abrasives and allied products. This division contribute around 72% to company’s revenue. Major user industries for abrasives are automobiles, woodworking, machinery, floor restoration, construction and bearings. Ceramic user industries are mainly cement, steel, fabrication, petroleum, etc.
Ceramics- Under this, the company manufactures industrial ceramics, super refractories and bio ceramics contributing 18 percent in revenue.
Electrominerals- The company manufactures brown fused alumina grains, white fused alumina grains and silicon carbide grains. It supplies 44% of its production to the abrasives and ceramics business segments.
1954- The company was established as collaboration between Murugappa Group, Carborundum Inc, USA, and the Universal Grinding Wheel Co of the UK.
1963- The company acquired bauxite mines at Bhatia, in Gujarat, for total integration. The company goes on to single handedly produce its raw materials, mining, calcining, producing grains and making the final products; abrasives.
1979- The company went for a public issue.
1982- CUMI entered into joint venture with Morgan Crucibles plc, UK to form Murugappa Morgan Thermal Ceramics (MMTCL). This JV is formed to produce ceramic fibres.
Carborundum, USA, divested its shares in CUMI.
1994- The company set up its hydel power project.
1995- CUMI set up its windfarm power project.
1999- CUMI America Inc was set up.
2000-CUMI established its natural gas thermal power plant. Steel Strips and Tubes was acquired and became part of Murugappa Group.
2001- The company forayed into the Information Technology (IT) sector, by acquiring controlling stake in Net Access and Laserwords.
2006- CUMI formed a joint venture with China Engineering and Exploration Bureau (CEEB) and acquired 49% stake in Jingri Industrial Diamond Company, Yanjiao in China.
2007-CUMI signs agreement for acquiring Industrial Ceramics Division of IVP.
CUMI was ranked third in ICWAI award for Excellence in Cost Management in the 2004.
The company’s bonded abrasives business received the CII-Exim Award 2005 for Business Excellence for strong commitment to excel.
The company was named as one of Asia's best 200 companies under a billion by Forbes.