Bangalore- QuEST Global, a leading pure play engineering & manufacturing major, joins hands with Aubert & Duval SA, France (A&D) and Setforge Société Nouvelle S A S, France (Setforge) to establish a forgings manufacturing company, SQuAD Forging India Private Limited (SQuAD). The new joint venture forging entity will tap into segments including Aerospace & Defense, Oil & Gas, Automotive and Industrial, capitalizing on the existing network of customers of QuEST Global, Setforge and A&D.
The new entity will be located within the QuEST Global SEZ in the Belgaum area, specifically established for Precision Engineering and Manufacturing. The facility will initially have a size of about 50,000 sq. ft with planned roadmap for growth to meet market requirements.
This greenfield facility will initially begin with a Screw Press and a Hydraulic Press along with all associated requisites including heat treatment, inspection and finishing equipment. The company is also optimistic about the availability of highly qualified personnel at competitive costs for the new entity. SQuAD will focus on aero structural parts, landing gear and braking system components manufactured in aluminum, steel, titanium and nickel based alloys for the aerospace market. SQuAD will also aim to manufacture products from other segments including highly critical parts for the automotive, power generation and oil & gas sectors.
By virtue of being the first private Indian Aerospace Forgings manufacturer, SQuAD enjoys an advantageous position to grow rapidly along with the Indian Aerospace Manufacturing industry which is set to grow exponentially in the years to come.
Adds Aravind Melligeri, Co-founder and Chairman, QuEST Global, “With SQuAD, customers will witness a tremendous increase in value addition from India apart from high quality products at globally competitive costs. This also promises to augment our ability further to meet offset obligations for our customers.” He further adds, “In addition, SQuAD Forging India Private Limited will also strengthen our existing ‘Ecosystem’ within the QuEST SEZ, as its capabilities go upstream in the value chain, enabling it to be a raw material supplier to other companies based within the SEZ and beyond. We expect production to start in early 2013”.
