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Auto components manufacturer Steel Strips Wheels Ltd (SSWL) today said it has bagged an export order worth €3,00,000 (about Rs 2 crore) from Austria-based KFZ, a part of the Alcar Group.
According to the agreement, the company will supply 30,000 wheel rims to KFZ, Steel Strips said in a filing to the Bombay Stock Exchange.
“SSWL is pleased to announce bagging repeat export order for more than 30,000 wheels from KFZ, Austria, a part of the larger Alcar Group,” Steel Strips said.
The business is valued at €3,00,000. The company will begin supply of the wheels in 2011.
SSWL, which has been supplying wheel rims to the Austrian group since 2007, expects to increase the volume of business with Alcar group by the middle of this year.
KFZ is one of SSWL’s oldest customers in the European wheels market.
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