Pune, India headquartered auto components maker Bharat Forge will invest $55 million in setting up an aluminum forging facility in Tennessee. The unit will will commence production in 2020 and will cater to the North American car market. To improve the financial strength of its international operations, the company's emphasis...
At India's DefExpo 2018, Multinationals Ink Partnerships
India’s largest Land, Naval, and Internal Security System’s Exposition, DefExpo India, has become one of the largest events of its kind in the world for the last 10 years. Defense Expo 2018 was a four-day event at the southern city of Chennai, India. The tagline this year was "India: The...
Israel Aerospace Industries Inks 3 Deals in India
Israel Aerospace Industries, (IAI) the nation’s largest aerospace and defense firm, signed three cooperation agreements with Indian companies at the Aero India exhibition held last month in Bangalore. The agreement between IAI and India’s Bangalore-based Dynamatic Technologies Limited calls for the Israeli company to transfer technology and production capabilities to...
India's Bharat Forge Acquires Walker Forge Tennessee
Auto components major Bharat Forge, based in Pune, and part of the Kalyani Group in India, will buy U.S.-based Walker Forge Tennessee LLC for $14 million. The proposed acquisition is aimed to increase the company's product offering in its automotive segments as well its industrial sectors such as construction and...
India's Kalyani Group is Part of OEMs' Global Supply Chains
Pune, Maharashtra-based Kalyani Group supplies Boeing titanium flap track forgings for its 737 series aircraft. The company also manufactures landing gear and structural components for other OEMs such Rolls-Royce, Liebherr Aero and Safran. Kalyani has three joint ventures in the defense sector: BF Elbit Advanced Systems for artillery systems; Kalyani...