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Balu Forge Industries Ltd (BFIL) - the
Mumbai-based manufacturer of fully finished and semi-finished forged
crankshafts and other forged components for automotive industry - has acquired
the Precision Machining unit of the Mercedes Benz Truck Factory in Mannheim
(Germany). The acquired unit will be installed in the new machining facilities
of BFIL in Belgaum, Karnataka, and will cement the company's position as a
leading precision player in the world, the company said in a release. This
expansion will enable BFIL to produce crankshafts and other precision machined
components for Original Equipment Manufacturers in the Class 7 and Class 8
Trucks and Heavy-Duty Vehicle category.
Trimaan Chandock, Executive Director, Balu
Forge Industries, said that, the new opportunity will catapult their capability
and enable them to expand their horizon to a whole new category of OEMs in the
heavy-duty segment globally. They are truly pleased with this acquisition as
they now fall under a handful of global producers possessing this capability.
The acquisition brings in more than 10 CBN wheel grinders most of which are
from the world-renowned machinery producer, 'Junker.'
This puts Balu Forge Industries in a very
special category in respect to its peers as we are now part of a handful of
companies to possess this capability globally, the company said. The company’s
in-house capability and state of the art automotive engineering enables it to
manufacture a large range of components through a spectrum of industries namely
automotive, agricultural, industrial, defence, railways, marine and the new energy
sector.
BFIL is a precision engineering house with
presence in over 80 countries and holds a diversified component portfolio
serving over 25 OEMs in 5 continents. The range extends from ICE applications
to hybrid and electric vehicles with a constant need to innovate and further
strengthen the capability in the new era of mobility, the company release
added.
Located 55 km east of Dighi port, the proposed city will span 6,056 acres and involve an investment of Rs 54.69 billion.
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INDUSTRIAL PRODUCTS FINDER (IPF) is India’s only industrial product portal. Referred to as the ‘Bible’ of the manufacturing sector in India,
INDUSTRIAL PRODUCTS FINDER (IPF) is India’s only industrial product portal. Referred to as the ‘Bible’ of the manufacturing sector in India,
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