Steel Strips Wheels has informed that the Company has secured another prestigious export order from Volkswagen (VW) Mexico for supplies to their Pacheco, Argentina plant. This order will include a new development of 18 Spare Steel wheel. Supplies would be from SSWL’s Chennai plant for approx 350,000 steel wheels expectedly starting in Y2020 for a period of 6 years amounting over $6.5 Mln revenues. SSWL has been in strong business relationship with VW since over 8 years and is already supplying wheels to their Indian, German & Argentinian plants. This new business nomination reflects VWs increased level of trust & commitment in SSWL. This business will help SSWL strengthen its position in Latin American Steel wheels market.
The above information is a part of company’s filings submitted to BSE.
