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QuEST Global announces a tripartite Joint Venture with Setforge and Aubert and Duval to establish forging entity ‘SQuAD’
SQuAD is India’s first private Aerospace Forgings manufacturing company
Bangalore, January 18, 2012- QuEST Global, a leading pure play engineering & manufacturing major, joins hands with Aubert & Duval SA, France (A&D) and Setforge Société Nouvelle S A S, France (Setforge) to establish a forgings manufacturing company, SQuAD Forging India Private Limited (SQuAD). The new joint venture forging entity will tap into segments including Aerospace & Defense, Oil & Gas, Automotive and Industrial, capitalizing on the existing network of customers of QuEST Global, Setforge and A&D.
The new entity will be located within the QuEST Global SEZ in the Belgaum area, specifically established for Precision Engineering and Manufacturing. The facility will initially have a size of about 50,000 sq. ft with planned roadmap for growth to meet market requirements.
This greenfield facility will initially begin with a Screw Press and a Hydraulic Press along with all associated requisites including heat treatment, inspection and finishing equipment. The company is also optimistic about the availability of highly qualified personnel at competitive costs for the new entity. SQuAD will focus on aero structural parts, landing gear and braking system components manufactured in aluminum, steel, titanium and nickel based alloys for the aerospace market. SQuAD will also aim to manufacture products from other segments including highly critical parts for the automotive, power generation and oil & gas sectors.
By virtue of being the first private Indian Aerospace Forgings manufacturer, SQuAD enjoys an advantageous position to grow rapidly along with the Indian Aerospace Manufacturing industry which is set to grow exponentially in the years to come.
Adds Aravind Melligeri, Co-founder and Chairman, QuEST Global, “With SQuAD, customers will witness a tremendous increase in value addition fromIndia apart from high quality products at globally competitive costs. This also promises to augment our ability further to meet offset obligations for our customers.” He further adds, “In addition, SQuAD Forging India Private Limited will also strengthen our existing ‘Ecosystem’ within the QuEST SEZ, as its capabilities go upstream in the value chain, enabling it to be a raw material supplier to other companies based within the SEZ and beyond. We expect production to start in early 2013”.
ABOUT QuEST Global Manufacturing
QuEST Global is a leading provider of engineering and manufacturing solutions in the aerospace & defence, aero engines, power generation, industrial products and oil & gas domains.
QuEST Global Manufacturing, the manufacturing arm of QuEST Global, specializes in precision manufacturing, sheet metal fabrication & assembly and special processes for aerospace, automotive and Oil & Gas verticals. It adopts best-in-class manufacturing processes, state-of-the-art technologies and a competent technical team to deliver high quality products to its customers at a competitive price.
QuEST Global Manufacturing is an AS 9100 and TS 16949 certified company.
For further information visit http://squadforge.com/
About QuEST Global
QuEST Global is a leading provider of outsourced engineering services and manufacturing, with over 3,200 employees, and delivery presence in Singapore, India, USA, Italy, Japan, Australia, Germany, France, Spain and UK. The company helps customers in aero engines, aerospace & defense, power generation, oil & gas, industrial machines, consumer goods and other verticals to cut product development and project costs, shorten lead times, extend capacity and maximize engineering resources availability by providing support across the complete product life cycle, manufacturing support, vendor management, and in-house precision machining. We leverage our local presence and global reach to support engineering cost reduction initiatives for our customers.
For further information please visit: www.quest-global.com
ABOUT AUBERT & DUVAL
Aubert & Duval, an ERAMET group subsidiary, is a specialist in upscale metallurgy, and a world leader in special steels, alloys and superalloys. It operates several open-die and closed-die facilities, such as the 22 KT, 40 KT and 65 KT hydraulic presses. In 2010, Aubert & Duval posted a turnover of €585 million.
Setforge, a FARINIA group subsidiary, is specialized in forged parts production for automotive, aerospace & energy sectors, with over 100 years of experience. Setforge has the flexibility to produce parts weighing from 100 g to 450 kg, and production ranging from a few parts to more than a million per annum. Setforge dedicates all its energy and skills to provide an excellent service and continuous innovation in the fields of forging. In 2010, Setforge posted a turnover of €112 million for a headcount of 540 employees. Thanks to the acquisition of Safe Automotive, its sales will reach 200 M€, with a workforce of 800 employees in year 2011.
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© 2013, QuEST Global Inc.