QuEST establishes forging entity

Bangalore, Jan 18 (IBNS) QuEST Global, a leading pure play engineering & manufacturing major, on Wednesday said it has joined hands with Aubert & Duval SA, France (A&D) and Setforge Socie'te' 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.

Aravind Melligeri, Co-founder and Chairman, QuEST Global, said: "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."