Steel Strips Wheels Limited — New Orders, 20-12-2024: Bagging/Receiving of orders/contracts

Steel Strips Wheels Ltd. has received a nomination for a steel wheel business from a prominent European OEM, valued at approximately Euro 15 million, to be executed over a six-year period. Series supplies are anticipated to commence from the end of CY2026. This development aligns with the company's strategy to enhance its presence in the European and U.S. OEM markets, and the management expects further business opportunities from global OEMs in the coming months. This expansion could significantly contribute to the company's growth trajectory, particularly in a competitive sector, suggesting a positive outlook for shareholders.