Maxion Wheels, a global leader in wheel manufacturing for various automotive sectors, has announced an initiative in collaboration with the Brazil-based Iochpe Foundation and India’s Savitribai Phule Pune University. The partners are introducing the foundation’s Formare academic scholarship programme, well-established in Brazil and Mexico, into India.
Maxion Wheels has launched its latest light vehicle wheel innovation, Maxion Bionic, at IAA Mobility 2023. When it comes to market in 2025, Bionic will be available in 18-inch and larger diameter sizes and customisable finishing. Maxion also speaks of utilising the lowest CO2 primary materials and optimised aerodynamics, as well as “revolutionary design options.”
Automotive wheel and structural components manufacturer Iochpe-Maxion has joined the United Nations (UN) Global Compact, the world’s largest voluntary platform for the development, implementation, and disclosure of responsible sustainability business practices.
Iochpe-Maxion increased its sales by at least 29.2 per cent worldwide in the past nine months to 12.79 billion Brazilian real (2.47 billion euros). Since pre-tax profits (EBIT) rose meanwhile by only 4.6 per cent to 1.1 billion real (208 million euros), the EBIT margin of the world’s largest wheel manufacturer fell by two percentage points to 8.4 per cent.
Wheel and automotive component manufacturer Iochpe-Maxion is investing R$100 million (£16.7 million) to expand its operations in Cruzeiro, Brazil. Work to increase truck wheel capacity in Cruzeiro will be finished in the first quarter of 2023 and boost annual output capability by 400,000 wheels, and when expansion of the plant’s agricultural wheel production capacity is completed in the third quarter of the same year, the Cruzeiro site will be equipped to produce a further 110,000 of these products annually.
Iochpe-Maxion, the world’s largest wheel supplier and the leading structural components supplier in the Americas, has set an objective of becoming a carbon neutral supplier by 2040. This target, Roadmap Zero, is the focus of all sustainability developments at the global Tier One.
Wheel manufacturer Iochpe-Maxion is investing US$5.5 million in Autotech Ventures LLC, a US-based venture capital firm. With this investment, Maxion joins Autotech Fund III as a Limited Partner. The investment aims to foster the development of new start-ups and research in the automotive segment with a focus on connectivity, autonomous vehicles, shared vehicles, electrification, and digitalisation.
With the latest SMMT data naming the Tesla Model 3 as the most popular new-car in December as well as the second most popular in 2021 – no-one can deny that the era of electric vehicles is well and truly upon. However, while internal combustion engines (ICE) have generally separated engine, wheel and tyre, electric vehicles are bringing these vital mobility components closer together than ever.
In order to optimise the efficiency of its aluminium wheel production facility in Limeira, Brazil, Maxion Wheels has created a virtual replica of the plant’s production processes. By employing ‘Digital Twin’ technology, the world’s largest wheel manufacturer can anticipate how the actual plant performs under specific conditions, thereby ensuring it achieves the highest levels of efficiency and efficacy. Maxion now intends to roll out the technology at other facilities around the world.
Wheel and automotive structural components manufacturer Iochpe-Maxion has entered into a strategic partnership with Stuttgart-based global innovation platform Startup Autobahn. Founding members of Startup Autobahn welcomed Iochpe-Maxion and other new partners to the ever-growing network during EXPO 9, a virtual event held on 25 February.
Iochpe-Maxion S.A. has announced that Maxion Wheels will close one of its North American Wheel factories by the end of the year. Specifically, the consolidation process refers to the closure of Maxion Wheels’ commercial vehicle steel wheel plant in Akron, Ohio, USA. Steel wheel production will remain in San Luis Potosi, Mexico, and in Sedalia, USA.
Maxion Wheels and new joint venture partner, Dongfeng Motor Parts and Components Group, have held a groundbreaking ceremony at the future site of their 22,000 square metre aluminium wheel plant in Suizhou, China. The ceremony took place on 6 June and was attended by government officials and company dignitaries, customers, suppliers and associates.
Maxion Wheels, the world’s largest wheel manufacturer, has entered into an agreement to form a new passenger car aluminium wheel joint venture with Dongfeng Motor Parts and Components Group, one of China’s largest automotive parts companies. The new legal entity, Dongfeng Maxion Wheels, will build a new two-million per year capacity plant in Hubei Province, China. Series production is scheduled to begin in the second half of 2020.
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Arno Borchers/Profil Verlag
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Iochpe-Maxion S.A