The current three-stage cold farming process to produce a flange is investigated for the purpose of improvement of manufacturing process. The main goal of this study is to obtain an appropriate process sequence, which can produce the required part with less manufacturing cost. The current process sequence is simulated using finite element method and design criteria are examined. Based on the results of simulation of the current three-stage process. a design strategy for improving the process sequence is analyzed using the thick-walled pipes. Because it has a reduced process-sequence without buckling of the workpiece or overloading of tools, the new process has distinct advantages over the conventional process. Numerical results show that the newly proposed process with selected presses is the most economical way to produce the required part.