Germany-based Hay Group has opened its new state-of-the-art forging site in Tianjin.
With investments of approximately EUR45 million into vertical and horizontal forging technology in China, Hay says this move consolidates its position as a global player within automotive forging.
The Hay Group, founded in Bad Sobernheim in 1925, is now bringing the most advanced horizontal forging technology to China with its new Hatebur presses. The site has been planned with state-of the-art standards and processes to an extent that only a new greenfield site can make possible.
With this new enterprise, The Hay Group is now present with its own production capacity in the world's largest automotive market and can participate in its growth, while backing activities of its customers in its European home markets. This is becoming increasingly important for future sustainable growth as new orders are awarded to suppliers that can support their customers' value creation with local production capabilities into new markets.
Hay's new venture has already been proven successful given Tianjin Hay Forging's, a 100% owned subsidiary of The Hay Group, contracted volumes in excess of EUR60 million ahead of the start of production.