Safran : and Bharat Forge to form partnership to address opportunities in Indian civil and military aerospace

09.10.2014
Safran and Bharat Forge to form partnership to address opportunities in Indian civil and military aerospace

PRESS RELEASE

New Delhi, October 09, 2014

Global Aerospace, Defence, and Security leader Safran, and India's leading hightechnology components company, Bharat Forge, announce the start of a long-term partnership to supply critical high integrity forged and machined components, for commercial aircraft applications to Safran's global affiliates. The first step of this partnership is a Purchase Order issued today by Safran.

Over the past 18 months, Safran and Bharat Forge have successfully worked on a demonstrator phase for initial trial production of critical forgings in a variety of materials, including titanium, nickel based and steel alloys, for aerospace. This success is the result of intensive engineering and manufacturing collaboration.

Both companies will also seek to explore and address other opportunities in Indian aerospace for civil and military sectors.

According to Stephane Lauret, CEO, Safran India Private Limited, "This latest development reflects our two companies' commitment to expanding our collaboration for the benefit of our customers in India and abroad."

BN Kalyani, Chairman & Managing Director of Bharat Forge, added, "The partnership highlights our unwavering commitment to add tangible value to the vast opportunities offered by the Indian aerospace sector and confirms our resolve to strengthening our partnership for supplying forged components to Safran's global affiliate network."

Both Companies consider this award to be a significant milestone to cement a strong and long-term relationship.

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Safran is a leading international high-technology group with three core businesses: Aerospace (propulsion and equipment), Defence and Security. Operating worldwide, the Group has 66,300 employees and generated sales of 14.7 billion euros in 2013*. Working alone or in partnership, Safran holds world or European leadership positions in its core markets. The Group invests heavily in Research & Development to meet the requirements of changing markets, including expenditures of 1.8 billion Euros in 2013. Safran is listed on Euronext Paris and is part of the CAC40 index. * Sales in 2013 restated for the impacts of IFRS11 amounted to 14.4 billion euros. For more information, www.safran-group.com / Follow @SAFRAN on Twitter

Bharat Forge Limited (BFL) is Pune based Indian multinational technology driven global leader in metal forming having transcontinental presence across eight manufacturing locations, serving several sectors including automotive, power, oil and gas, construction & mining, locomotive, marine and aerospace. Part of Kalyani Group - a USD 2.5 billion conglomerate with 10,000 global work force; BFL today has the largest repository of metallurgical knowledge in the region and offers full service supply capability to its geographically dispersed marquee customers from concept to product design, engineering, manufacturing, testing and validation.

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