FORGING MARKET ANALYSIS

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Forging Market, By Type (Open Die Forging, Closed Die Forging, Rotary Forging), End-Use Industry (Automotive, Mining, Construction, Others), Order (Custom Forging, Catalogue Forging), and Raw Material (Aluminum, Magnesium, Stainless Steel, Others) - Global Industry Insights, Trends, Outlook and Opportunity Analysis, 2022-2028

Forging Market: Key developments

In September 2019, Bharat Forge America Inc. invested $56 million for setting up a new forging and machining facility in the North Carolina, US. This investment has been made by the company with the objective of focusing on investments in lightweight materials. This investment would also help the company in creating a global manufacturing footprint spanning Europe, Asia and United States.
In Sep 2019, American axle manufacturing Inc. announced that it would sell its iron casting business to a private equity firm in New York for an amount of $245 million. In addition to this, the company has also declared that it would retain its forging operation in Mexico.
In March 2018, Allegheny Technologies Inc.’s announced that its Ladish plant in Cudahy will undergo an expansion with a capital of $95 million. Under the expansion plan, the Cudahy plant will be adding fourth iso-thermal press to the forging operations and therefore would add more heat-treating capacity. The expansion would qualify for the aerospace related production.