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Iochpe-Maxion adheres to “long-term strategic development”

Author: Chris Anthony Comments: 0
The world's largest wheel manufacturer Iochpe-Maxion from Brazil has grown significantly in the past nine months (Photo: Arno Borchers/Profil Verlag)

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.

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