Stock Insight: New Mould

Bharat Forge, part of the $1.5-billion Kalyani Group, is amongst the largest and technologically most advanced makers of forged components for the automotive sector. It is the second-largest forging company in the world after Thyssen. The company has manufacturing facilities at nine locations across the world, including India, Germany, Sweden, Scotland, North America and China. In 2004 the company acquired Carl Dan Peddinghaus (CDP), the second-largest forging company in Germany engaged in the manufacture of passenger car components. This was followed up by acquisition of Germany-based CDP Aluminiumtechnik. In 2005, the company acquired Federal Forge, now called Bharat Forge America. The company has also inked a pact with the largest automotive group in China, FAW Corporation. Through this joint venture, BFL has made foray into the fast growing Chinese market. This joint venture makes BFL the largest forging company in China, too. The company is on an expansion drive to ramp up capacities by acquiring small forging companies across the world to enlarge customer base. The global acquisition strategy has two

This article was originally published on March 01, 2007.