What is Maxion Wheels focusing on?

8th April 2014 | 0 Comments
 
What is Maxion Wheels focusing on?
Wheels on Wheels: Maxion Wheels is by far the world's largest wheel manufacturer thanks to both steel and aluminium production

During the financial year before last, the Brazilian Iochpe-Maxion Group (the parent company of Maxion wheels) bought Hayes Lemmerz for approximately US$725 million. The acquisition came after the world’s largest wheel manufacturer put down two bankruptcies during the first part of the new millennium, and thus had large amounts of debt to contend with. Eventually the company’s investors finally ran out of patience leaving the obvious question – what has happened to the car aluminium wheel division since then?

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Category: Company News, International News

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