GRINDWELL NORTON - DRIVEN BY VALUE-ADDITIONS

The abrasives industry in India currently has two major players offering a full range of abrasives products, one of which is Grindwell Norton which has a leadership position in several product-market segments

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The businesses of the Saint-Gobain Group in India are housed in two large entities, Grindwell Norton Limited (GNO), a publicly-traded company, and Saint-Gobain India (P) Ltd. (SGIPL). Grindwell Norton is a part of the high-performance materials division, which is a part of the innovative materials sector of the group. Listed on the Bombay Stock Exchange and National Stock Exchange, the company pioneered the manufacture of grinding wheels in India in 1941. Saint-Gobain currently holds 51.66 per cent of the equity capital of GNO. Currently, GNO’s businesses include abrasives, silicon carbide, high-performance refractories, performance plastics and ADFORS.

INDEC (the captive India IT development centre for the Saint-Gobain Group globally) is also a part of GNO. GNO’s subsidiary, Saint-Gobain Ceramic Materials Bhutan (P) Ltd., manufactures silicon carbide. GNO holds 70 per cent of the equity of this company. The certainteed business, which is a part of the construction products’ sector of Saint-Gobain, also operates under GNO. The company offers the widest range of cutting-edge abrasive products to the Indian market. While the vast majority of these products are made by GNO in India, some are sourced from other plants of Saint-Gobain or from third parties.