Maxion Wheels, the world’s largest wheel manufacturer, has entered into an agreement to form a new joint venture with Dongfeng Motor Parts and Components Group, one of China’s largest automotive parts companies, for passenger car aluminium wheel.
The new legal entity, Dongfeng Maxion Wheels, will build a plant in Hubei Province, China. The facility will have a two-million per year capacity with series production scheduled for second half of 2020.
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“Growing our presence in Asia is one of Iochpe-Maxion’s priorities,” said Marcos Oliveira, President and Chief Executive Officer, Iochpe-Maxion S.A.
“Coupling Maxion Wheels’ global customer relationships and significant aluminium wheel expertise with Dongfeng Motor Parts and Components’ goal to expand its portfolio to include light vehicle aluminium 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 aluminium wheels for our global and domestic Chinese OEM customers.”
The new joint venture operation will manufacture low pressure die cast aluminium wheels, including high-end wheel finishes, as well as, other innovative wheel features.
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