Sumitomo Metals invests in SSWL

Sumitomo Metal Industries Ltd has decided to invest in Steel Strips Wheels Ltd (SSWL), the largest manufacturer of automotive steel wheels in India. The invested capital will be used for SSWL's capacity expansion. Ring Techs Co. Ltd (Ring Techs), a ful ly-owned subs idi a ry of Sumitomo Metals, has provided technical assistance to SSWL since 1997. With this equity investment, the Sumitomo Metals Group aims to strengthen its relationship with SSWL and raise its presence in India's growing automotive market.Nike Hyperdunk 2017