SMI Amtek Crankshaft sets up second forging press line (US)

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(Source : Automotive Horizon)

SMI Amtek Crankshaft, the joint venture between Sumitomo Metals of Japan and Amtek Group of India is setting up its second forging press line at its manufacturing plant in Dharuhera, Haryana. The company has decided to set up an additional line in order to cater to the buregeoning demand for crankshafts in the Indian automotive industry. When the second line goes on stream, the firm will have an installed annual production capacity of 2.2 million crankshafts from the existing 800,000 units. What is more, the company is setting up 5,000 tonnes high speed forging press line and will invest around Rs 1 billion. The new press line is likely to go on stream in November next year. According to a top company official, the new line will have an installed capacity of producing around 1.4 million units a year. Latest crankshaft forging technologies from the stable of Sumito Metal would be incorporated in the second press line. At the time of inception, the firm had set up a 4,000 tonnes press line with die-sinking and heat treatment equipment some time in April 2010 The first press line will reach its critical mass in the second half of next year, by then the company is aiming at completing the installation work of the second press line, it is learnt. With the setting up of the second press line, Sumitomo’s global forged crankshaft supply capacity would increase from 9.3 million to 10.7 million units. The Japanese firm has targeted to achieve in excess of ten percent global share of the forged crankshaft segment by performing its unique, competitive monozukri – manufacturing based on highly skilled craftsmanship – from the perspectives of quality and produtivity.  The Japanese auto components manufacturing firm makes forged crankshaft for passenger cars, trucks and construction machinery in Japan. In fact, Sumitomo Metals produces in excess of four million units of forged crankshaft a year in Japan. Besides that it also makes 2.7 million units per annum forged crankshafts for passenger cars and small trucks in the US market, while it manufacturers 1.8 million units a year for the Chinese market. From 2012, the joint venture in India will be making 2.2 million units of forged crankshafts for the domestic market.

Joint venture

Sumitomo Metal industries Amtek Crankshaft Private Limited is a joint venture company, jointly owned by Sumito Metals Industries Limited, 40 percent stake, Sumitomo Corporation, with ten percent stake and the Indian auto component manufacturing firm Amtek Auto Limited owning 50 percent shares. Ryousuke Nobuyoshi from Sumitomo Metals is heading the Indian joint venture and the entity has around 108 employees.

Source : Automotive Horizon

Posted in Strategy.

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