Tag: Railways

Business

BFIL announces acquisition of three Forging Lines capable of producing 72K Tons per annum of heavy forged products

May 21, 2024 by Mansi Praharaj 0 Comments #Aerospace, #Aluminium, #Balu Forge Industries Limited (BFIL), #Belagavi, #BFIL, #Defence, #engineering & safety components industry, #forging hammer, #forging lines, #Hammers & Presses, #Karnataka, #manufacturing of crankshafts & forged components, #Mercedes-Benz, #Middle East regions, #Mining, #OEM market, #Oil & Gas, #precision engineering company, #Railways

Hyderabad, May 21, 2024……Balu Forge Industries Limited (BFIL), a prominent precision engineering company engaged in manufacturing of crankshafts & forged components, announces the acquisition of three forging lines in a combination of Hammers & Presses capable of producing 72,000 tonnes p.a. of heavy forged products.

pic Balu Forge Industries Limited

Disclosing this in a press note issued in Hyderabad today, the company said, these newly acquired forging lines will seamlessly integrate with the precision engineering expansion taking place at its upcoming manufacturing campus in Belagavi, Karnataka thereby making BFIL an integrated one-stop solution provider for advanced machining solutions for critical industries viz. Railways, Defence, Oil & Gas, Mining, Aerospace, Defence, Aluminium & other essential precision industries globally.

The new forging unit will be seamlessly integrated with the recently acquired precision machining unit of Mercedes Benz. This will further strengthen our product engineering & increase our precision product offerings to global majors operating in the critical engineering & safety components industry with end-to-end solutions under one roof.

This forging unit includes a 16-ton closed-die forging hammer, ranking amongst the largest in the country and capable of producing forgings up to 800-900 kgs. This capacity will be further enhanced with a 10-ton closed-die forging hammer line and an 8,000-ton capacity mechanical forging press. With these facilities, it is advancing our presence in engineering critical industries viz. Oil and Gas, Aerospace, Defence, Railways, Mining, Aluminium and Auto part manufacturing and many other critical industries.

This acquisition strengthens and expands our critical engineering products portfolio and enhances R&D capabilities in alloy mixing & metal combinations BFIL informed. It provides us unique strength in creating products from different alloys based on Aluminum to Titanium which shall enable BIFL to expand its product offering to major growth industries for critical engineering products and to further capture the OEM market that we cater to across North America, Europe, Asia, and the Middle East regions.

Business

BFW Inaugurates Fully Digitalized, Global Scale Manufacturing Plant

Apr 22, 2024 by Sujata Muguda 0 Comments #Aerospace, #Akihiro Teramachi, #Arun Kothari, #Ashok Leyland, #Automotive, #BFW, #Bharat Fritz Werner Ltd (BFW), #Defence, #Devaganapalli, #Die Mould, #Dr Eng Yoshiharu Inaba, #FANUC CORPORATION;, #Forging, #Geetanjali Vikram Kirloskar, #in Hosur, #JCB India, #Kirloskar Systems Pvt. Ltd, #Manufacturing Plant, #National Board for Quality Promotion, #Quality Council of India, #Raghavan, #Railways, #Ravi Raghavan, #Tamil Nadu., #THK Group, #Valves, #Vipin Sondhi

Bengaluru, 22 April 2024: Bharat Fritz Werner Ltd (BFW) a leading Indian advanced manufacturing technology solutions company, today announced the inauguration of its state-of-the-art manufacturing facility at Devaganapalli, in Hosur, Tamil Nadu. This new facility set up with an investment of Rs. 200 crore, brings numerous innovative practices and several unique and industry-first features, including:

BFW Plant Inauguration

– Two world-class assembly halls spanning 20,000 square meters each, with a combined capacity to produce over 10000 CNC machines annually, a 3X expansion. The overall footprint of 54 acres allows for setting up the Vendor Ecosystem in the future.

– Fully digitalized and interconnected manufacturing processes, incorporating conveyorised assembly of machines.
– Environmentally friendly infrastructure with various features designed to minimize carbon footprint.

– In alignment with the Government of India’s initiatives to promote skill development and empower women (“Nari Shakti”), the new facility promotes local talent with a planned gender diversity target of 30%, a pioneering move within the global Machine Tool Industry.

– A fully integrated “Spindle Technology Centre,” encompassing indigenous engineering, manufacturing, assembly, and service of high-quality machine tool spindles, including integral motor technology.

Mr Arun Kothari, Chairman, BFW said “We aimed to establish a facility of global standards for scale and efficiency. I am confident that this facility will aid us in furthering our aspiration of participating in the growth of manufacturing“ “Our teams have innovated many robust machine assembly processes for low Takt time taking inputs from the global best practices across the industry,” said Mr. Ravi Raghavan, MD, BFW

“The manufacturing sector finds itself at a pivotal juncture. Challenges, disruptions, and innovation have marked BFW’s journey over the past 63 years. To fulfil its purpose of “Enabling Progress ” of manufacturing BFW has embraced the initiative ” LEAP – Leadership thru Ethical practices, Agile Processes, and Partnerships.” Under this initiative, BFW aspires to act as a strategic partner of the Global Manufacturing Industry by Scaling up the capacity 3X, adopting best practices of the Automotive Industry to the Machine tool domain, and deploying Technology to evolve a digitally connected ecosystem. The machine tool industry in India is growing at a CAGR of 15 to 17% annually, and BFW is a leader in the industry is growing at 20%.” Mr. Raghavan added.

BFW Plant

With an excellent design engineering capability & two state-of-the-art manufacturing plants, BFW provides solutions to meet the performance, productivity, and reliability expectations of diverse industries including Aerospace, Automotive, Defence, Die Mould, Forging, Valves, Railways, etc.

With 65000+ installations, operating in 15 countries, the BFW Europe office is the most recent addition to better serve global customers with advanced manufacturing solutions. Through channel partners, a wide sales & service network is available at 48 locations in India including 5 tech centres.

The inauguration event was graced by Dr Eng Yoshiharu Inaba, Chairman, FANUC CORPORATION; Mr Vipin Sondhi, Chairperson of the National Board for Quality Promotion, Quality Council of India and Former Managing Director & Chief Executive Officer of Ashok Leyland & JCB India; Mrs Geetanjali Vikram Kirloskar, Chairperson & Managing Director, Kirloskar Systems Pvt. Ltd, Mr. Akihiro Teramachi, Representative Director, Chairman, and Chief Executive Officer for THK Group and other thought leaders from the industry and over 50 overseas Global partners of BFW and 300+ senior manufacturing professionals representing various clients and supply chain partners.

Mr. Arvind Goenka of RMG Polyvinyl India Ltd.
Business World

India’s Plastics’ exports rise in January & February 2021 (Y-o-Y); near term outlook for exports looks bright as GoI-CIM steps in to give relief to exporters: PLEXCONCIL

Mar 17, 2021 by Neel Achary 0 Comments #Consumer Affairs, #Food & Public Distribution, #Hon. Union Minister of Commerce & Industry, #Railways, #Shri Piyush Goyal ji, #Union Minister of Commerce & Industry

The Plastics Export Promotion Council (PLEXCONCIL), the apex trade body of plastics exporters, has stated that plastics’ exports have grown in January 2021 (up 12.2% vis-à-vis January 2020) and February 2021 (up 3.2% vis-à-vis February 2020 on a provisional basis) – the second successive month of growth in plastics’ exports in the new year. In January 2021, nine of the product panels, namely, Composites / FRP products; Floor Coverings, leathercloth & laminates; Human hair; Pipes & fittings; Polyester films; Plastics raw materials; Rigid packaging & PET preforms; Woven sacks / FIBCs and Miscellaneous products witnessed a positive growth.

With the Union Minister of Commerce & Industry (CIM) doing continuous engagements with the plastics industry, which mostly comprise of MSMEs, the industry is witnessing stabilization in raw materials prices (particularly PVC Resin) in March 2021. The plastics industry welcomed the Union Minister of Commerce & Industry’s initiative to coordinate with different Ministries and Government bodies after PLEXCONCIL sought his intervention to ensure adequate raw material supply to the processors from petrochemical majors (including PSUs) at a fair price.

PLEXCONCIL also welcomed the clarifications issued by the GST Policy Wing on refund related issues for exporters vide Circular No. 147/03//2021-GST (dated 12th March 2021) issued by Department of Revenue, Central Board of Indirect Taxes and Customs, Ministry of Finance. The Board issued clarifications to ensure uniformity in the implementation of the provisions of law across the field on refund related issues wrt exporters. The clarification points out that there is no restriction on recipient of deemed export supplies in availing Input Tax Credit (ITC) of the tax paid on such supplies when the recipient files for refund claim. It clarified on extension of relaxation for filing refund claim in cases where zero-rated supplies have been wrongly declared in Table 3.1(a).

The recent announcement by Indian Railways to provide complete logistical support also comes as a great relief to the industry. Logistics form an integral part of export costs to plastics processors – increased number of containers, efficient supply-chain and lower costs therein will boost global competitiveness of plastics’ exporters. Indian Railways announced that it is further boosting Hon’ble Prime Minister’s Vocal For Local initiative & also increasing its contribution in exports by providing safe, swift & economical logistic solutions.

The CIM’s Digital India initiatives are also helping exporters. The Telegram channel of Shri Piyush Goyal ji, Hon. Union Minister of Commerce & Industry, Railways, Consumer Affairs, Food & Public Distribution (and channel on Koo: The Voices of India), has helped Indian exporters to stay updated with all the latest ministerial developments & progress of various Government policies.