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Article: India: Carborundum Universal ink agreement with China Metallurgical.
- Article from:
- TendersInfo
- Article date:
- September 7, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: pinto03
ET reported that Carborundum Universal part of Murugappa group has signed a division agreement with its Chinese joint venture partner China Metallurgical for restructuring the JV Jingri CUMI super hard materials Co in the country.
As per the pact, the business of Jingri would be split into two with diamond and diamond tools businesses transferred to a separate company to be fully owned by CMGB.
Similarly, the abrasives business including all assets, liabilities, employees, contracts etc would be transferred to a new company to be formed under the name Cumi Abrasives and ...