New Delhi
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The Mumbai-based Balu Forge Industries Ltd (BFIL) recently 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.
Source: ET Auto.com
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