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Bharat Forge’s arm setting up green-field forging & machining facility in North Carolina

18 Sep 2019 Evaluate

Bharat Forge’s wholly owned subsidiary -- Bharat Forge America is setting up a green-field forging and machining facility in North Carolina. The modern facility will address the Aluminium opportunity and have state of the art technology and processes. The 1st phase of the project involves approximately $56 million capital investment. This investment is backed up by orders already secured from prestigious OEM’s and has been achieved by leveraging our R&D capabilities.

As the order book ramps up in the years ahead, the company envisages enhancing the capacity through an investment of similar quantum in the coming years. This investment is a key cornerstone of its strategy of enhancing focus on lightweight materials and improving the financial parameters of the overseas operations. It will help the company to create a strong global manufacturing footprint as part of its Aluminium strategy, spanning Europe, Asia and the United States. 

Bharat Forge is engaged in manufacturing of close die and open die forging, crankshafts, front axle beams, steering knuckle, connecting rods, rocker arm and many more components.

Peers
Company Name CMP
Bharat Forge 1874.00
Ramkrishna Forgings 687.95
MM Forgings 597.00
Happy Forgings 2078.50
Balu Forge Inds. 498.45
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