Groundbreaking held for Maxion Wheels’ India plant
At an event held yesterday, groundbreaking took place for the future Maxion Wheels facility in India. Invited guests, including suppliers, customers, local officials and company management, were present to witness the ceremonial turning of the first sod and unveiling of a plaque to mark the occasion.
Speaking at the ceremony, Pieter Klinkers noted that the factory in Khed City, Pune, would be the first plant in India operated by a “global light vehicle aluminium wheel producer.” He added that this investment in “the world’s fastest-growing economy” has been made in response to demand from customers around the world.
The first phase of investment in the India plant project will see more than US$50 million invested in land and equipment, and will result in an annual capacity of two million wheels. Maxion Wheels intends to later increase capacity to four million wheels a year.