Auto component company Bharat Forge today announced that it’s German Subsidiary, Bharat Forge Aluminumtechnik GmbH & Co KG (BFAT) has won a multi-year contract worth Euro 250 million from a German OEM for supply of suspension components.
The suspension components are based on technology industrialized by BFAT over the past few years. The industrialisation of this technology has put BFAT at the forefront of aluminium component industry witnessing huge demand globally, said the company.
“This is a proud moment for our German aluminum forging business. 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,” said Baba N Kalyani, Chairman and Managing Director of Bharat Forge.
To create capacity for this additional business, BFAT is increasing capacity by adding a new press line with all auxiliary equipment including melting which will be commissioned in Jan 2015.
