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| Exchange Disseminated Time | Steel Strips Wheels Ltd has informed BSE that SSWL has bagged an order from Canadian Passenger Car aftermarket. This would mark the entry of SSWL wheels in North America. Wheels would be shipped by end of Jun 2015.
This order volumes are expected to go up to 40K wheels next year with total value of around USD 1 million per annum. The program will run for 5 years and resulting in volumes of 175K and revenue addition of 4.5Mn Dollar.
Apart from this the Company are also in advance stages of bagging an order from Polish aftermarket party for Passenger Car wheels. This compliments SSWL's strategy to increase its presence in the Global aftermarket requirements. |
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