Steel Strips Wheels Limited Signs $19 Million Tripartite Agreement for Alloy Wheels Manufacturing Facility in Gujarat
Steel Strips Wheels Limited has signed a tripartite agreement with Chinese entities Liuzhou Arays Technology Co., Limited and Hainan Jihoo Import & Export Co. Ltd. for establishing an alloy wheels manufacturing facility at Bhuj, Gujarat. The agreement, valued at approximately $19 million, covers technology transfer, equipment supply, and technical know-how for a facility with 1.2 million units annual capacity. This strategic partnership supports the company's capacity expansion plans by leveraging Arays' expertise in alloy wheel manufacturing and global automotive industry relationships.
Steel strips wheels Limited has announced a significant expansion move by entering into a tripartite agreement with Chinese technology partners for establishing a new alloy wheels manufacturing facility in Gujarat. The agreement was signed on Februar... [6852 chars]
Published by: scanx.trade
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