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Vesuvius India - Newer Capacities, Products To Drive The Growth: HDFC Securities

Strong track record unequivocally establishes its ability to largely transcend the cyclicality of its customer industry – steel.

<div class="paragraphs"><p>Flow control products and systems used extensively in the continuous casting process manufactured by Vesuvius India Ltd. (Source: Company website)</p></div>
Flow control products and systems used extensively in the continuous casting process manufactured by Vesuvius India Ltd. (Source: Company website)

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HDFC Securities Retail Research

Vesuvius India Ltd. is part of UK based Cookson group. The Cookson group, a leading global materials science company in the ceramics, electronics and precious metals markets, acquired the Vesuvius group in 1987. The Cookson group holds 55.6% stake in Vesuvius India.

It is the manufacturer and trader of refractories and is managed organisationally as a single unit. The company is engaged in designing, engineering, manufacture and delivery of refractory products, systems and services for high-technology industrial applications.

Its products include industrial ceramics for continuous casting and pouring of molten metals, slide gate plates and nozzles.

Vesuvius Flow Control and Linings divisions provide customers with a full range of products, including process automation, lining materials, Tundish furniture and slide gate systems and refractories.

Growth in steel industry in the longer term is inevitable given the disparity in steel consumption in India and across the globe.

Click on the attachment to read the full report:

HDFC Securities Retail Research Vesuvius_India_Ltd. Update.pdf

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