Bharat Forge Limited announced that its German Subsidiary Bharat Forge Aluminumtechnik GmbH & Co KG (BFAT) has won a multiyear contract approximately worth Euro 250 million (Rs 2058.6 crore approx.) from a German OEM for supply of suspension components based on unique technology industrialised by BFAT over the past few years.
The industrialisation of this unique technology has put BFAT at the forefront of aluminium component industry witnessing huge demand globally. To create capacity for this additional business, BFAT is increasing its capacity by adding a new press line with all auxiliary equipment including melting which will be commissioned in Jan 2015, said a company statement.
This plant is being set up in the state of Saxony at Brand-Erbisdorf at cost of Euro 31 million funded by way of internal accruals, debt & state subsidies. Commenting on the order win, Baba N Kalyani, Chairman and Managing Director of Bharat Forge Ltd., said “This is a proud moment for our German aluminum forging business and for the Bharat Forge Group. This win has been made possible because of continuous focus on innovation, technology adaptation and execution track record of BFAT and will enhance our presence in the fast growing aluminum components business which is finding increasing use in passenger vehicles for weight reduction and high performance”.
Bharat Forge Limited (BFL) is a global provider of high performance, innovative, safety & critical components and solutions to various industrial sectors including Automotive, Oil & Gas, Aerospace and Rail & Marine. BFL today has the largest repository of metallurgical knowledge in the region and offers complete end to end capability from concept to testing and validation to marquee global OEM’s, the company statement added.
Source: Bharat Forge
Omega Seiki Mobility (OSM), a part of the Anglian Omega Group has announced a joint venture with iM3NY, a prominent battery technology player in the US, to bring battery cell technology in the Indian ...
Continental is promoting the development and use of open source software. The technology company has adopted a manifesto that emphasises its commitment to collaborative work with Free and Open Source ...
Nearly 50 DHL Express vans will begin running on the Michelin UPTIS airless tyre to make last-mile deliveries in Singapore by the end of 2023. The pilot programme begins with the first vehicles making...