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.