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Balu Forge Industries acquires Mercedes Benz truck precision machining factory from Mannheim

18 Jan 2022 Evaluate

Balu Forge Industries has acquired the Precision Machining unit of the Mercedes Benz Truck Factory from Mannheim, Germany. The acquisition will be installed in the new machining facilities of the company in Belgaum, Karnataka and will cement the company's position as a leading precision player throughout the globe.

This expansion will enable the company to produce crankshafts and other precision machined components for Original Equipment Manufacturers in the Class 7 & Class 8 Trucks & Heavy Duty Vehicle category.

Balu Forge Industries was engaged in the manufacturing of agricultural machinery such as Tractor trailers, MB ploughs, Spring Cultivators, Reversible Ploughs and Disc Harrow.

Peers
Company Name CMP
Bharat Forge 1837.20
Ramkrishna Forgings 696.80
MM Forgings 538.65
Happy Forgings 1916.00
Balu Forge Inds. 487.10
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