Bharat Forge Limited is pleased to announce that it’s German Subsidiary; Bharat Forge Aluminumtechnik GmbH & Co KG (BFAT) has won a pre stigious multiyear contract appro ximately worth EURO 250 million from a German OEM for supply of suspensi on components based on unique technology industrialized by BFAT over the past few years. The industri alization of this unique technology has put BFAT at the fore front 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 beco mmissioned in Jan 2015.
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 ord er win, Mr. Baba N Ka lyani, Chairman and Managing Director of Bharat Forge Ltd ., said “This is a proud moment for our German alu minum forging business and for the Bharat Forge Group. This win has been made possible beca use of cont inuo us focus on innovation, technology adaptation and execution track record of BFAT and will enhance our presence in the fast gro wing 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 per formance, innovative, safety & critical components and solutions to various industrial sectors including Automotive, Oil & Gas, Aero space and Rai l & Marine. BFL today has the largest repository of metallurgica l knowledge in the region and offers complete end to end capability from concept to testing and validation to marquee global OEM’s.