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Home arrow Auto component arrow Steel Strips Wheels Ltd touches production of 7 lacs Wheels
Steel Strips Wheels Ltd touches production of 7 lacs Wheels Print E-mail
Written by Vijay   
Wednesday, 03 March 2010
Mumbai: Steel Strips Wheels Ltd has achieved sales of 7,03,732 Wheel Rims during the month of February, 2010. This is a growth of 47.57% over the 4,76,859 wheel Rims during the month of February, 2009.

The company has also recorded a growth of 50.33% in the production of 7,02,998 wheel rims during February, 2010 as against 4,67,834 during February, 2009. The Company has also achieved the highest ever Export sales of 56324 wheel rims during the month of February, 2010. This is a growth of 30.50% over it's earlier highest ever Export sales, which was 43161 wheel rims during the month of July, 2009.

Recently Renault nominated Steel Strips Wheels Ltd. (SSWL) as key Supplier for the supply of High Tech Steer Wheel Rims for one of its new vehicles to be launched in early 2011.

The company is likely to start supply of the said High Tech Steel Wheels to Renault from last quarter 2010 and expected to supply 0.30 million wheels over 5 years period generating foreign exchange to the extent of nearly Euro 4.7 million. It has already developed these Wheels for supplies to another location of Renault plants.

 
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