Carborundum to cart two African plants to India.

The Murugappa Group's Carborundum Universal will shut down two plants in South Africa and cart them to India at a cost of Rs. 50-60 crore.

M M Murugappan, vice-chairman of the Murugappa corporate board said that Foskor Zirconia had stopped producing bubble zirconia in South Africa and the company had started shifting the plant to Kerala. He added the losses due to these factories were around $4 million.

K Srinivasan, managing director of Carborundum Universal, told investors there was a technical difficulty in bubble zirconia manufacture, and it was decided to move the plant to Cochin. Around 200-odd tonnes of bubble zirconia were produced, but the plant was not being run stably in South Africa, he said.


BS