11 months ago
Wheels India, SHPAC Partner for Hydraulic Cylinder Tech
Wheels India, which makes wheels for big machines, is partnering with a South Korean company called SHPAC.
They've agreed to share technology so Wheels India can make hydraulic cylinders, which are used in many machines.
This partnership will allow Wheels India to grow its business in this area, particularly by selling these cylinders to its existing customers around the world.
SHPAC is a well-established manufacturer in this field.
Wheels India plans to invest more in this part of its business to expand further.
Wheels India signed a technical agreement with SHPAC.
The agreement is for technology transfer.
The focus is on manufacturing hydraulic cylinders.
Wheels India aims to grow its hydraulic cylinder business.
The deal is expected to create growth opportunities.
- Who
- Wheels India and SHPAC
- What
- Signed a technology transfer agreement for hydraulic cylinders.
- Where
- Global, with Wheels India headquartered in a city.
- When
- October 1, 2025 (publication date)
- Why
- To drive growth in the hydraulic cylinder business.
Key facts
- Company
- Wheels India
- Partner
- SHINHUNG Precision Machinery Company Ltd (SHPAC)
- Agreement Type
- Technical agreement
- Focus
- Hydraulic cylinder manufacturing
- Goal
- Technology transfer for growth
- Geographic Focus
- Global hydraulic cylinder industry
- Date Published
- October 1, 2025
Quotes
Srivats Ram
Company MD
“Our technical technology transfer agreement with them is expected to create new growth opportunities for Wheels India in the global hydraulic cylinder industry and we expect this to give a fillip to our drive to grow this business over the next few years”
thehindubusinessline.com
“It has been our stated intent to focus and grow the hydraulics cylinder business significantly over the next few years. We believe this business segment has potential to be an important growth driver for Wheels India globally, going forward.”
thehindubusinessline.com
