Talbros Automotive Bawal Forging plant commences trial production

Talbros Automotive Components Ltd has announced that one of the objects of the IPO was setting up of Forging Plant by the Company at Bawal in Haryana.

Further the Company has informed that, the Forging Plant at Bawal has already commenced trial runs and commencement of commercial production is expected shortly. In this connection the Company has announced execution of a Technical Assistance agreement with Presswerk Krefeld GmbH & Co. KG (PWK) of Germany for a period of 7 years. The collaboration agreement envisages transfer of technology in the field of Hot Forged items including Tool Design, Manufacture & Maintenance, Heat Treatment and other related areas.

Established in the year 1898 PWK has gone through a few name changes by virtue of change of ownership and acquisition. PWK has its main manufacturing facility at Krefeld in Germany and also has a Joint Venture in China. The Company has technology for Hot Forging of Ferrous and Aluminum, Warm Forging, Cold Forging and Plastic Engine Moulding.

PWK manufactures Housings for Lower Ball Joints & Suspension Ball Joints, Steel & Aluminium Control Arms, Ball Studs, Plastic Injection moulded Components and other Forgings for Automotive Industry.

PWK is supplying majority of its products to OEMs and Tier 1 suppliers. Some of the major OEM/Tier 1 customers are IVECO, MAN, DAIMLER CHRYSLER, SKODA, FIAT, BMW, VOLKS WAGON, TRW etc.

PWK is a part of 800 million dollar Maclean Fogg. Group head quartered in USA. Maclean Fogg has basically two lines of business - One in Automotive Components and the other in components for Power Transmission.

This agreement apart from making available contemporary technology for forging also opens up a potential avenue to the Company for export of its products as well as a buy back opportunity for its collaborators. This technology Agreement will greatly benefit the forging activity of the Company in terms of manufacturing the product in most efficient way in conformity to the global standards.

Source : Equity Bulls

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