Gar Forgings Ppt

AHMEDNAGAR FORGINGS AREAS OF OPERATION The company manufacturing capabilities includes Assorted Forgings, Crankshafts, Countershafts, Connecting Rods and Caps, Transmission Components. INTERNATIONAL OPERATION Started its international operations in mid 90’s. WHY DID IT ENTER INTERNATIONAL MARKET With the increase in forgings quality steel prices by 33% (Increase by Rs.14,500 to Rs. 16,000 per ton) in the domestic market as a result the company was compelled to enter the foreign market in search of low cost forging quality steel. ENTRY MODE The company acquired various companies in Europe, U.S. It had signed a joint venture with Michigan’s FormTech Industries to set up a automotive forgings manufacturing unit in the U.S.