Murugappa Group manufacturing firm Carborundum Universal (CUMI) may look at options, including relocating the plant under its South African subsidiary — Foskor Zirconia — if the business does not turn around by the end of the current quarter.
The plant produces monoclinic- and calcia-stabilised zirconia, with fumed silica as a by-product. The by- product could be used in various applications, including ceramic colours, abrasives, chemicals and refractory products for the glass and steel industries.
The plant has started producing a new product — Z450 — a synthetic material for various applications, including high temperature insulation. The product has taken a longer time