Chennai, Sept. 29 -- Wheels India has signed a significant technical agreement withSHPAC, a leading hydraulics cylinder manufacturer in South Korea, whereby there willbe a technology transfer in manufacturing.
A company statement here today said Wheels India has identified hydraulic cylindersas one of the strategic growth areas and this pact is expected to drive its growth furtherin this segment.
Commenting on the Hydraulics Cylinder business, Srivats Ram, MD, Wheels India said"It has been our stated intent to focus and grow the hydraulics cylinder businesssignificantly over the next few years. We believe this business segment has potentialto be an important growth driver for Wheels India globally, going forward".
Wheels India, which is ...