Carborundum Universal Ltd. (CUMI) is an industrial ceramic material-based product and service provider. The Company operates through three business segments: Abrasives, Ceramics and Electrominerals. Abrasive segment comprises of bonded, coated, processed cloth, polymers, powertools and coolants. Ceramics comprises of super refractories, industrial ceramics, anticorrosives and bioceramics. Electrominerals include the abrasive/refractory grains and the captive power generation from hydel power plant. In November 2007, CUMI acquired the engineered ceramic business of IVP Limited.