Steel Strips Wheels (SSWL), a producer of automobile wheel rims, announced that Kalink company will invest an amount equivalent to USD 2 million by subscribing equity shares in SSWL as per applicable acts and rules.

Kalink is a South Korean based corporation and is organized and existing under the laws of South Korea. 

The company is a leading alloy wheel manufacturer and is having manufacturing facilities at Korea and China with a total manufacturing capacity of 4.5 million wheel rims p.a and is supplying to major OEM viz Volkswagen, Nissan and Chrysler etc.

Shares of the company gained Rs 21.1, or 6.46%, to settle at Rs 347.50. The total volume of shares traded was 12,765 at the BSE (Monday).