Precision Camshafts and EMAG Germany bring Assembled Camshafts to India
Precision Camshafts limited will partner with EMAG Germany to bring Assembled Camshafts technology in India. The camshafts use a force free heat shrink technology which has been patented by EMAG.
PCL is just building its base as it has exclusive rights to this technology. The company claims that these camshafts have increased strength and are lighter compared to conventional camshafts. The firm supplies camshafts to manufacturers such as Maruti Suzuki, Tata and Mahindra and Mahindra in India.
The company would focus on exports currently and manufactures about 150 different camshafts for small and mid-sized passenger vehicles with engine capacities between 1.0 and 2.0-litre. The manufacturing base has been set in the city of Solapur, Maharashtra. The firm also has manufacturing facility in China and produces around 13 million shafts per annum.
Yatin Shah, chairman and MD, Precision Camshafts said, ""PCL has been the industry leader in delivering quality and world-class camshafts to its customers consistently. We have created benchmarks across all processes and are surpassing customer expectations time and again, while working with some of the largest marquee brands in the Indian and the global automotive industry. PCL, through the acquisition of this technology will be a complete solution provider for camshafts manufactured by different technologies."
| Ø PCL will introduce the new 'Force Free Heat Shrink' technology in India and offer this solution to OEM's around the world and in India Ø PCL will be a one-stop solution provider for Chilled Cast Iron, Ductile Iron Induction Hardened and Assembled camshafts for mid-size passenger cars - all Under One Roof Ø PCL plans to develop next generation camshafts which will be required by OEMs in FY 2020 Mumbai, June 19, 2014: Precision Camshafts Limited (PCL), one of the world's leading Chilled Cast Iron camshaft manufacturer today announced a strategic alliance with EMAG Germany, to acquire the widely proven and accepted Assembled Camshaft technology which uses the 'Force Free Heat Shrink' - a process which EMAG has patented. The improved cost competitive process developed through this alliance between PCL and EMAG Germany will be the first for any Indian component manufacturer. PCL will have exclusive rights to this new technology worldwide. This PCL- EMAG alliance will further strengthen the market leadership of both entities in the coming years and will further help in developing next generation camshafts. Assembled Camshafts are used predominately by OEM's in Europe and now China and some developed countries, have increased strength of material and are lighter in comparison to conventional camshafts, both of which help in improving fuel efficiency and reducing emission. Over the years, PCL has achieved success across the world, manufacturing over one million 'Chilled Cast Iron' camshafts per month. PCL has also recently introduced 'Ductile Iron Induction Hardened' camshafts to its stable of products and with the introduction of Assembled Camshafts, PCL will be the only camshaft manufacturer in India, thereby becoming a one-stop-solution for camshafts required by mid-size passenger cars globally - All Under One Roof. Speaking on the occasion Mr. Yatin Shah, Chairman and Managing Director, Precision Camshafts Limited said, "PCL has been the industry leader in delivering quality and world-class camshafts to its customers consistently. We have created benchmarks across all processes and are surpassing customer expectations time and again, while working with some of the largest marquee brands in the Indian and the global automotive industry. PCL, through the acquisition of this technology will be a complete solution provider for camshafts manufactured by different technologies" Dr. Andreas Mootz, Managing Director, EMAG Automation, Germany, said, "EMAG specializes in the entire spectrum of the machining process and is a trendsetter in the field of vertical turning centres for all machining needs. It is a privilege to be associated with Precision Camshafts India, as it will mutually benefit both entities in the long run. Using PCL's technological prowess and best practices in the manufacturing process, our products & technology will not only help meet the new demands of our global customers but our synergies will be leveraged from time to time to meet the growing demands of the automotive industry in the future." Headquartered in Solapur, PCL manufactures around 150 varieties of camshafts for the small and mid-sized passenger vehicle engines between 1.0L to 2.0L segment world over. A focused export oriented manufacturer, PCL supplies 85% of its camshafts to the global automotive industry. At present PCL has a major share of the Indian market and about 8% of the international market in the camshaft segment. PCL's state-of-the-art manufacturing facilities located in Solapur with 6 foundries units and 3 machine shops with ISO TS16949:2002 / ISO 14001 : 2004 / OHSAS 18001 : 2007 certifications. PCL is the preferred supplier to global brands such as Porsche, Ford, BMW, GM, Fiat, Hyundai and it also works with Maruti Suzuki, Tata and Mahindra and Mahindra in India. Apart from India, PCL has two manufacturing facilities in China, in Ningbo and Hozhou. The company has a workforce of around 1,200 employees with a total production capacity of 13 million shafts per annum. About PCL Precision Camshafts Limited is the world's leading maker of chilled cast iron camshafts. Precision produces over 150 varieties of camshafts, serving over 20 clients in the automobile industry. PCL specializes in the manufacturing of camshafts required in the small and mid-size passenger vehicle segment the world over. PCL has established a flagrant presence by capturing major share of the Indian and about 8% of the international markets in this segment. | |