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The Steel Strips Wheels Limited (SSWL) announced on Wednesday that the company has received another export order for supply of steel wheels for the European Union Caravan market.
Steel Strips Wheels (SSWL) has bagged an export order for supply of 20,000 steel wheels for EU aftermarket.
Share price of Steel Strips Wheels advanced nearly 2 percent intraday Wednesday as the company has won an export order for EU aftermarket.
Steel Strips Wheels (SSWL) has bagged yet another export order for supply of steel wheels for the EU caravan market. The order entails supply of approx 40,000 13-inch & 14-inch caravan wheels over a period of four months. Wheels will be shipped from SSWL’s Chennai plant. This repeat order strengthens SSWL’s position as a strong player in the extremely competitive caravan wheels market in the European region.
Steel Strips Wheels Limited has bagged an export order for supply of steel wheels for EU Caravan market
Mangalore Chemicals & Fertilizers has informed the exchanges that it has shut down the ammonia, urea and ABC plant to attend to the ammonia plant primary reformer furnace refractory repair. The company will inform the exchanges once operations of these plants resume, it further said. However, the company has not disclosed any financial impact due to the shutdown. Shares of Mangalore Chemicals & Fertilizers slipped 1.
NEW YORK, June 22, 2017 /PRNewswire/ -- According to Stratistics MRC, the Global Automotive Steel Wheels market is expected to grow at a CAGR of 3.2% during the forecast period. Some of the key factors influencing the market growth include growing demand of low cost cars in Asia Pacific region, improvements in technology and increasing choice for lightweight wheels. However, rising concerns towards increased greenhouse gas emissions from automotive industry is one of the main factors hampering the market growth.
Steel Strips Wheels on Wednesday informed the exchanges that it has bagged an export order for supply of steel wheels for Europe. In a release to the exchanges, the company said the total order, valued at about €60,000, covers supplies of over 5,000 wheels in two months. The wheels are to be despatched from the company’s Chennai plant next month. Steel Strips Wheels expects a repeat order to emanate from the current order during the current financial year.
Shares of Steel Strips Wheels rose over 3 percent intraday on Wednesday after the company bagged an exports contract.
Steel Strips Wheels has bagged another export order for supply of steel wheels for EU Trailer and aftermarket. The total order covers supplies of about 23,500 wheels within a period of two months. The wheels are to be dispatched from SSWL’s Chennai and Dappar plants beginning next month. This order further augments SSWL’s strong presence in the extremely competitive EU Caravan steel wheels market. Investors and analysts will closely monitor the execution of the order.
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