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Core Duopoly Business

AIA Engineering is a defacto monopoly player in the manufacturing of HCMI in India. But is it worth investing in?

How would you like to own a duopoly business in a core sector? AIA Engineering is one part of a global duopoly that manufactures grinding media, liners and diaphragms-collectively called high chrome mill internals (HCMI). AIA is the world's second largest manufacturer of HCMI and is a defacto monopoly player in India. Traditionally, mills use forged mill internals. These are being replaced with HCMI that promise better grinding, lower wear an

This article was originally published on July 29, 2014.


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