Kalink company has agreed to invest an amount equivalent to $ 2 million by subscribing equity shares in SSWL as per applicable Acts, rules and regulations and as per the terms and conditions as may be mutually agreed between both the parties.
Kalink is a South Korean based corporation and is organized and existing under the laws of South Korea. It is a leading Alloy Wheel manufacturer and is having manufacturing facilities at Korea and China with a total manufacturing capacity of 4.5 million wheel rims p.a and is supplying to major OEM viz Volkswagen, Nissan and Chrysler etc.
SSWL is a part of the Steel Strips Group, headquartered in Chandigarh. It is engaged in the manufacturing of single piece steel wheel rims in the range of 10 to 30 inches for scooters, passenger cars, utility vehicles and tractors. It supplies rims to almost all major manufacturers of two wheelers, three wheelers, four wheelers, tractors and heavy commercial vehicle.
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