Bharat Forge Limited, the flagship company of the $ 1.25 billion Kalyani Group, announced the attainment of Federal Forge Inc, USA, through its wholly owned subsidiary, Bharat Forge America Inc. Federal Forge is engaged in the design and manufacture of complex forged steel components for automotive industry.
The Federal Forge acquisition is a significant step towards implementing Bharat Forges strategy of expanding global footprint and establishing a manufacturing presence in one of largest markets - the US. The strategy is to expand dual shore, manufacturing base through strategically located complementary facilities, around the world.
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| Posted : 8/9/2005 |
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