MM Forgings, auto component manufacturer is likely to invest Rs 40 crore this year with the objective of pushing its forging plants towards max performance. In the last year the combined production across the plants in Chennai, Tiruchi and Madurai was 32,000 tonnes. The peak capacity of the plants is 40,000 tonnes.
The company expects this growth through the export, which will driven by demand from the global commercial vehicles industry. It is keen to chase new customers and make new parts such as machined gear blanks and bigger steering parts.
MM Forgings manufactures steel forgings in raw, semi-machined and fully machined stages in various grades of Carbon, Alloy, Micro-Alloy and Stainless Steels in the weight range of 0.20 Kg to 60 Kg. The company caters to the forging requirements of almost all sections of industry.
