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.
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.
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”.
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
Source: Bharat Forge
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