Jiangsu Pacific Precision Forging Co., Ltd. announced that the company and the management committee of the Tianjin Development Zone had signed an investment agreement on June 17, 2019. Jiangsu Pacific Precision Forging is going to build a mold production sub-center and a differential assembly plant in Tianjin Development Zone. The construction project will require an investment of CNY 300 million in total. The land space is 55,306 square meters. Within two to three years, it plans to set up a capacity to produce molds and 0.5 million sets of differential assemblies. Also, within three to five years, it’ll build Northern Mold Production Center and raise the production capacity of differential assemblies to over 1.5 million sets. (From a press release on June 18, 2019)
In an investor presentation Talbros Group informed that its Forging Division is installing a 2,500 ton press which will be completed by June 2019.
It is also in discussion with various Indian and European Tier 1 customers for heavier forging products. It is moving towards heavier forged parts, with an estimated revenues of INR 350 million per annum. Currently, this segment is gaining momentum in both domestic and overseas market.
Its Gasket Division is developing a new age sealing solution like wire harness gaskets. It is also installing a post coating line, to rationalize raw material costs. The Division also signed raw material sourcing agreement with Lydall Performance materials and Interface Performance materials, USA to bring savings in operational costs, reduction in raw material inventory and working capital investments.
In an investor presentation, Talbros Group informed that its joint venture Talbros Marugo Rubber won new orders worth INR 80 million from existing customers during the fiscal year ended on March 31, 2019.
Its forging division grabbed new orders worth INR 80 million from existing customers. The joint venture Magneti Marelli Talbros Chassis Systems has won new business from a domestic OEM for lower control arm worth INR 100 million, supplies to start from Q1 FY21.
Its Gasket division wins export order from a European OEM worth INR 50 million. The division will also supply integrated wire harness gasket worth INR 200 million from Q1 FY21.
Talbros Group investor presentation Q4, FY 2018-19