Steel Strips Wheels has received bulk export order for around 1,19,000 wheels for US caravan trailers. The order worth over $1mn will be shipped from its Chennai plant in August. It is one of the largest monthly order from a single customer, as per the company’s release.
Post the COVID-19 situation, the US and EU markets are gaining momentum. The company is expecting similar orders from other countries as overseas markets gradually move towards stability.
The new order will ramp up production Steel Strips Chennai wheel plant.
Steel Strips Wheels is engaged in the manufacturing of steel wheel rims and caters to Indian and global automobile manufacturers. The company has production facilities in Dappar, Punjab and Oragadam, Chennai, which mainly produces passenger car wheels. It Jamshedpur, Jharkhand unit produces truck wheels. The company’s total annual installed capacity is 16.6mn wheels.