QuEST Global forms forging entity SQuAD
QuEST Global, a leading pure play engineering & manufacturing major, joins hands with Aubert & Duval SA, France (A&D) and Setforge SociÃ©tÃ© 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.
SQuAD Forging India Private Ltd is a tripartite Joint Venture company for closed die forgingIn India. The JV structure has an equal distribution among the partners Setforge Societe Nouvelle S.A.S. (FARINIA Group, France), QuEST Global Manufacturing Private Limited, India and Aubert & Duval SA (ERAMET Group, France).
SQuAD primarily aims at the aerospace market to support major OEMs in their supply chain while contributing to their offset obligations. It will focus on aero structural parts, landing gear and braking system components in aluminium, steel, titanium or nickel base alloys. SQuAD will also handle products for other markets such as highly critical parts for automotive, power generation and oil & gas.
This greenfield closed-die forging facility will be set up in Belgaum SEZ. It includes a screw press, a hydraulic press and all the associated heat treatment, inspection and finishing equipment, representing a total investment over $ 10 million. Additional value will be provided by Quest Global Manufacturing local machining operations. Production will start beginning of 2013. The facility will forge small and medium-size parts in aluminum, steel, titanium and nickel based alloys. Target markets are : the aerospace (for structural components, landing gear or braking systems), the automotive, power generation, and oil & gas. This investment will also support the aerospace OEMs by contributing to their offset obligations.