Maxion Wheels agreed to form a joint-venture with Dongfeng Motor Parts and Components Group to produce aluminum wheels for passenger cars, starting with a new plant in Hubei Province. The low-pressure diecasting plant will produce 2 million wheels/year plant, starting in the second half of 2020.
It is expected to employ over 450, initially, according to a joint announcement.
Maxion Wheels is a division of Iochpe-Maxion S.A., a Brazilian manufacturer of wheels for cars, light trucks, buses, commercial trucks, and trailers, with 33 plants in 16 countries.
The new operation is expected to employ over 450, initially, according to a joint announcement.
Dongfeng Motor Parts and Components is a subsidiary of Dongfeng Motor Co. specializing in research & development, manufacturing and sales of chassis systems, cabin and body systems, electric drive systems, braking and intelligent driving systems, powertrain systems, thermal management systems, powertrain systems, and lightweight technologies.
“Growing our presence in Asia is one of Iochpe-Maxion’s priorities,” stated Marcos Oliveira, president and CEO of Iochpe-Maxion S.A.
“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.”