Silicon Carbide International's first quarter net profit increased by 126%

The Silicon Carbide International Board of Directors recently held a meeting to announce that its net sales of integrated silicon carbide increased by 27% in the first quarter, from Rs 2.76 billion to Rs 3.5 billion.

Although India's business growth is strong, the regions with significant growth in overseas business are mainly Russia and South Africa. In addition to Stirling in the domestic market, the other two joint ventures are Muruga Pagan Thermal Ceramics Co., Ltd. and Winter India. The company's strong performance has driven overall sales. About 55% of the joint venture's business is for export and overseas sales.

Silicon Carbide International was born in a small town in Pennsylvania in 1890. Founded by Edward Acheson, in 1891, Mr. Acheson named the company he founded as Carborundum (silicon carbide international), and then his company. In 1895, he moved to Niagara Falls, New York. In 1950, Silicon Carbide International acquired Canadian Sandpaper Co., Ltd. The company was originally founded, mainly engaged in the production and processing of hot charcoal. Subsequently, the company's business turned to the production and processing of diamond products.

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