New plant expected to become operational in three years
– By April Murelio –
Bharat Forge Ltd, one of the world’s largest manufacturer of automotive forgings, and AREVA of France, a world leader in nuclear power plants, have signed a Memorandum of Understanding (MOU) to set up a joint venture to build a manufacturing facility for heavy forgings in India.
The new entity will be a 14,000-tonne open die forging press with associated equipment and an integrated steel making facility, Bharat Forge said in a statement. According to the statement, the two partners are presently evaluating various locations in India to set up the facility. The plant is anticipated to become operational by 2012, it added. AREVA is engaged in design, manufacture and supply of nuclear power plants, components and fuel to customers all over the world.