Balu Forge acquires precision machining unit of Mercedes Benz Truck Factory in Germany, Auto News, ET Auto
New Delhi:Balu Forge Industries Ltd (BFIL) has recently acquired the Precision Machining unit of the Mercedes Benz Truck Factory in Mannheim, Germany.
The recent acquisition 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 on Wednesday.
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, BFIL, said, “The new opportunity will catapult our capability and enable us to expand our horizon to a whole new category of OEMs in the heavy-duty segment globally. We are truly pleased with this acquisition as we 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.’ These machines are of the highest quality and foremost in this machining category. This puts BFIL 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.