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8th August 2008

Bharat Forge Commissions India’s Largest Commercial Open Forging Press

4000T open die press will produce open die forgings ranging up to 70 tons...

HIGHLIGHTS

  • Bharat Forge commissions India’s largest commercial open forging press
  • State-of-the-art 4000T open die press will forge ingots ranging up to 70 tons
  • The new facility will manufacture highly engi neered critical and safety components for the Wind Energy Oil & Gas, Steel, Power, Ge ar, Cement Ship building, Pressure Vessel, Petrochemical & Sugar Industry.
  • This facility will act as a catalyst to further accelerate BFL’s revenue growth and de- risking its business model besides diversifying its non auto business.

Bharat Forge, the flagship company of the USD 2.4 billion Kalyani Group and a leading global supplier of forged and machined components today announced the commissioning of India’s largest commercial open forging press at its Mundhwa facility in Pune. The facility was inaugurated at the hands of Mr Azeez Khan, Principal Secretary, Industries, Government of Maharashtra and Ms Rajlaxmi Bhosale, Hon’ble Mayor of Pune.

The new facility which is a large 4000T open die press will produce ingots ranging up to 70 tons and will primarily cater to the Wind Energy, Oil & Gas, Steel, Power, Gear, Cement Ship building, Pressure Vessel, Petrochemical & Sugar Industry. Shafts for the Wind Energy & Power Generation sector, Well Heads & X-mas Tree parts for the Oil & Gas Industry and Pinion Shafts, Gear blanks etc. for the Capital Goods sector are some of the parts that will be manufactured at this new facility.

Speaking on the occasion, Mr. B N Kalyani, Chairman & Managing Director, Bharat Forge Ltd., said, “Today is a landmark day in our company’s history. It marks a very significant step that we have taken into a new area of business – manufacture of critical components for the non- automotive sector.

Bharat Forge in the last 15 years has successfully implemented a global strategy based on technology leadership and innovation, in its automotive business. We intend to replicate our successful automotive business strategy to attain a global leadership position in the non-automotive sectors”.

“To support this goal, we have made substantial investment both in terms of capacity & capability creation as well as backward integration. We aim to provide our customers with value added service to complement their strategies and we will strive to maintain the pace of innovation.” he added.

This new facility will act as a catalyst to further accelerate BFL’s revenue growth and de-risking its business model besides diversifying its non auto business. We have received strong customer response and have already tied up capacities through long term contracts with existing & new customers.

About Bharat Forge

Bharat Forge Ltd. , the flagship company of the USD 2.4 billion Kalyani Group, is a leading global ‘Full Service Supplier’ of forged and machined – engine & chassis components. It is the largest exporter of auto components from India and leading chassis component manufacturer in the world. With manufacturing facilities spread over 12 locations and 6 countries – four in India, three in Germany, one in Sweden, one in Scotland, one in North America and two in China, the company manufactures a wide range of safety and critical components for passenger cars, commercial vehicles and diesel engines. The company also manufactures specialized components for the aerospace, power, energy, railway, construction equipment, oil & gas and other industries. It is capable of producing large volume parts in both steel and aluminum.