This paper suggests the new technology to control metal flow in order to reduce the number of preforming and the machining for the cold forged product with complex geometry. This technology is the combined forming that consists of bulk and sheet forming with double action dies. To analyze the process, finite element simulation has been performed. The proposed technology is applied to hub model that is part of air conditioner clutch. The purpose of this study is to investigate the material now of hub through the relative-velocity control of punch and mandrel using the flow control forming technique.