Steel Strips Wheels has informed that it has bagged their largest Exports order for Truck & Trailer Aftermarket from USA. Order comprises supplies of 110,000 truck steel Wheels in 5 months from its Chennai plant from next month onwards. Total revenue generated by this additional order would be close to $5 mln in 5 months which is also expected to be repeated.This big order will mark SSWL's arrival in the high potential NA Truck steel 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 its capacity enhancement at Chennai plant, which is in progress, will support this strategy.
The above information is a part of company’s filings submitted to BSE.
