According to a company official, Bharat Forge would like to expand its manufacturing footprint in the U.S. Although the world’s second-largest forging company has large operations in Europe and China, it has just one facility in the U.S. (Michigan). Bharat Forge hopes to expand its footprint in areas such as automotive. Meanwhile, the company has no plans to set up additional manufacturing sites in Russia or Brazil. Bharat Forge, whose net profit jumped 175.5% in the fourth quarter ending March 31, is also considering a technology partnership with India’s KPIT Cummins Infosystems, a product engineering and IT consultant firm.
In other news, Bharat Forge’s joint ventures with Alstom, Areva and NTPC are all on schedule. The company will manufacture turbines, generators and associate auxiliaries for super-critical power plants with French power company Alstom. The JV with NTPC will see the manufacture of products to support several industries. Bharat Forge (majority stake) and Areva will manufacture ultra-heavy forgings for nuclear power plants.
Bharat Forge Looks to Expand in U.S.
June 1, 2010