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Dongfeng and Maxion Wheels Form Joint Venture

Metal News - Published on Fri, 15 Mar 2019

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MaxionWheels, the world’s largest wheel manufacturer, announced the agreement to form a new passenger car aluminum 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, with series production scheduled for second half 2020.

Mr Marcos Oliveira, President and Chief Executive Officer, Iochpe-Maxion SA said that “Growing our presence in Asia is one of Iochpe-Maxion’s priorities.Coupling Maxion Wheels’ global customer relationships and significant aluminum wheel expertise with Dongfeng Motor Parts and Components’ goal to expand its portfolio to include light vehicle aluminum wheels is the makings of a strong partnership. We are honored to join Dongfeng’s strong and dynamic organization and through our joint venture provide world-class aluminum wheels for our global and domestic Chinese OEM customers.”

The new joint venture operation, expected to initially bring more than 450 new jobs to the region, will produce low pressure die cast aluminum wheels, including high-end wheel finishes, as well as, other innovative wheel features.

A groundbreaking ceremony for customers, employees, and local dignitaries will be announced in the near future.

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Posted By : Rabi Wangkhem on Fri, 15 Mar 2019
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