Bharat Forge starts trial production of aerospace components
27 Jul 2012
Bharat Forge Ltd (BFL), the Pune-based Indian multinational and the flagship company of the Kalyani Group, has begun trial production of titanium and specialty steel forgings for the aerospace industry.
The forgings major said it was in advanced stages of manufacturing aircraft components.
''We are seeing a lot of traction in this segment, and we are trying to build capacity to service aerospace customers,'' Amit Kalyani, executive director of BFL, said.
Kalyani said the company was focusing on adding value to products and leveraging existing capabilities to intensify exports while focusing on the passenger car and light commercial vehicle segment on the domestic front.
Besides the existing markets of the US and Europe, he said, Bharat Forge is planning to increase market penetration and enter new geographies.
The non-auto business accounts for around 38 per cent of Bharat Forge's current sales. ''Going forward, we are targeting over 50 per cent to come from the non-auto business,'' Kalyani said.
