Steel Strips forays into NA
Punjab-based Steel Strips Wheels (SSWL) has received an export order from Canada's passenger car aftermarket which is worth of $ 4.5 million.
Wheels would be shipped by end of Jun 2015 and with this the firm is forayed into North American market.
These order volumes are expected to go up to 40,000 wheels next year with total value of around $ 1 million per annum.
Steel Strips has to supply 1.75 lakh wheels to Canada's passenger car in a period of 5 years with revenue addition of 4.5 million dollar.
Also, the company is in advance stage of securing an order from Polish aftermarket for passenger car wheels.