Gestamp, a Spanish multinational company specialised in the design, development and manufacture of metal components for the automotive industry, has launched a new plant specialised in hot stamping in Pune (India). The company has invested €36 million in the new facility that will provide services for Fiat Chrysler Automobile (FCA), Ford and Tata.
The company announced this investment at the Symposium on International Automotive Technology (SIAT) which was held in Pune. The new plant, the construction of which has been completed, has begun to manufacture previous series and is scheduled to begin serial production in May this year.
The new Pune plant will employ 130 people in 2017 and will involve the introduction of hot stamping in the country. The launch of this technology in India by Gestamp will enable the latter to provide much of its industrial capabilities in this market.
Loire Gestamp, a company from the Group specialising in the design and manufacture of press lines, has installed in the new plant a hot stamping line with a 1,200 ton press, incorporating automatic connections for changing tools, thermal imagers and a monitoring system.
In this regard, the Chairman and CEO of Gestamp, Francisco Riberas, remarked: "The installation of a technology such as hot stamping is synonymous with the confidence our company has in a very dynamic market such as India’s, in which regulatory changes aiming to improve the safety of vehicles in case of collision will demand new solutions from manufacturers and suppliers."
The third Gestamp plant in India
Gestamp’s new plant in India is the third in this market, where €150 million have been invested since the group’s arrival in 2008. In addition, the company has an R&D centre in which work is carried out to lighten the weight of vehicles, thereby increasing their safety.
The Spanish multinational is already working with Ford, Volkswagen Skoda, Renault Nissan and FCA in India. Since Gestamp began operations in India, its turnover has increased almost nine-fold, from €19 million in 2008 to €157 million in 2015.
The Indian automotive market is the sixth largest market worldwide. It has experienced, according to IHS, a year-on-year increase in production volume of 8.7% since 2008. This growth is more than double the global growth accumulated during the same period, situated at 3.9%.
A global provider in hot stamping
Hot stamping is one of the solutions that allow manufacturers to reduce the weight of the body in white structure, resulting in reduced emissions. In addition, the hot stamping process improves the vehicle's behaviour in case of collision and contributes to passenger safety.
Gestamp is one of the world's largest providers of parts made by hot stamping, with an industrial model that covers the entire value chain, including press lines and dies manufacturing.
The company has more than 70 hot stamping lines around the world. Thanks to this technology, the weight of body in white parts is reduced by up to 30%.