Dongfeng and Maxion Wheels Form Aluminum Wheel Joint Venture
New company to serve Chinese OEM demand for world-class aluminum wheels
Maxion Wheels, the world’s largest wheel manufacturer, announced today 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.
“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 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.
Über die Dongfeng Motor Parts and Components Gruppe
Die Dongfeng Motor Parts and Components Group Co. mit Sitz in Shiyan, Provinz Hubei, ist eine Tochtergesellschaft der Dongfeng Motor Co. Ltd. und spezialisiert auf Forschung und Entwicklung, Herstellung und Vertrieb von Autoteilen, einschließlich Fahrwerkssystemen, Kabinen- und Karosseriesystemen, elektrischen Antriebssystemen, Brems- und intelligenten Fahrsystemen, Antriebsstrangsystemen, Wärmemanagementsystemen, Antriebsstrangsystemen und Leichtbautechnologien.
Die Dongfeng Motor Parts and Components Group Co. Ltd. beschäftigt 14.000 Mitarbeiter und hat 38 Tochtergesellschaften, darunter das börsennotierte Unternehmen Dongfeng Electronic Technology Co., Ltd. (Stock Code: 600081), 1 Unternehmen in Übersee und 14 Joint Ventures. Der Jahresumsatz der Gruppe belief sich 2018 auf 18 Milliarden RMB, was sie zu einem der größten Autozulieferer in China macht.