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Steel Strips Wheels bags its largest export order for US truck & trailer aftermarket

Capital Market 

Steel Strips Wheels has bagged their largest exports order for truck & trailer aftermarket from USA.

Order comprises supplies of 110,000 Wheels in 5 months from its from next month onwards.

Total revenue generated by this additional order would be close to USD 5 million in 5 months which is also expected to be repeated.

This big order will mark SSWL's arrival in the high potential NA wheels market. SSWL is in discussions with other large truck & trailer makers in USA and expects to close similar big contracts in this segment in near future.

SSWL expects to significantly increase its presence in high potential Truck & Trailer wheels market in US & EU in the coming months and it's capacity enhancement at Chennai plant, which is in progress, will support this strategy.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, July 10 2018. 10:50 IST