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Bharat Forge secures second customer in China
January 15, 2003 16:52 IST
Bharat Forge Ltd has announced on Wednesday that it has secured a second large customer in China Guangxi Yuchai Machinery Co, a part of the Second AutoWorks, amongst the largest auto companies in China.
BFL has signed a long-term contract with the company for the supply of engine components. This business will begin ramping up in the second quarter of FY 2004.
B N Kalyani, chairman and managing director, Bharat Forge Ltd said, "Securing a second customer in China is a step towards acquiring a large size of the Chinese market and should enable Bharat Forge to make rapid strides in the near future. Considering the large market for automobile components in China, our efforts to garner a higher share of the Chinese market in the coming years is paying off."
BSE Code: 500493