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Steel Strips Wheels bags export order from European Trailer manufacturer |
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Written by Vijay
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Thursday, 06 October 2011 |
Mumbai: Steel Strips Wheels Ltd has bagged a long term contract with a leading Trailer manufacturer from Europe. This contract has a potential to reach 60000 wheels per year with an approximate value of INR 22 Crores per year.
Supplies will start from Oct 2011 from the Company's Jamshedpur plant. The Company is also in discussions with other OEMs in the same industry for similar volumes which will also start flowing in the current quarter.
Last month, in September the company recorded sales of 7.53 lakh wheel rims, compared to 8.80 lakh rims earlier. The company reported a decline of over 20% in the sales of car wheel rims for September. It achieved a growth of 262% in sale of truck wheels and 50% growth in sales of tractor wheel rims. |
