According to the company, the planned forging plant will provide advanced integration with Vardhman Special Steels’ existing steel production operations. The new investment aims to enable the company to develop a more comprehensive manufacturing structure, extending from steel production to forged component manufacturing.
With the planned capacity increase, Vardhman Special Steels intends to offer a single-source supply solution for automotive original equipment manufacturers (OEMs), covering steel production through to finished forged components. The investment is expected to expand the company’s value-added product portfolio and strengthen its position in the automotive supply chain.
Sachit Jain, chairman and CEO of Vardhman Special Steels, stated that entering the forging sector has been a strategic consideration for a long time. He emphasized that collaboration opportunities with Japan-based Aichi Steel Corporation, which has extensive forging capacity in the automotive sector, have also been on the company’s agenda for years.
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