Maxion Wheels Announces Next Investments in Commercial Vehicle Wheel Portfolio
Steel Wheel Capacity Expansions and New Forged Aluminum Wheel Offering Position Company as One-Stop Solution
Maxion Wheels, the world’s largest wheel manufacturer, announced today that its newest truck steel wheels plant with partner Inci Holding, is ready to open in Turkey. The two companies will also build a plant to offer forged aluminum Commercial Vehicle (CV) wheels beginning in 2024. The combined investments are in excess of $150 million USD from 2021 through 2025, over the next few years, and further enhance Maxion Wheels’ existing globally leading steel wheel portfolio, while extending its reach to commercial vehicle applications where aluminum is the preferred solution.
"We will install a new, state-of-the-art, CO2-optimized forged aluminum facility to answer the needs of customers who seek multiple wheel solutions to optimize their transportation solutions."
“Our recent commercial vehicle steel wheels expansions to serve customers in Europe and in Brazil will increase our annual global steel truck wheels installed capacity by about 25%, from eight to ten million. Today, we also take the next step in our CV growth strategy by adding forged aluminum to our truck wheels portfolio,” said Pieter Klinkers, CEO of Maxion Wheels. “We will install a new, state-of-the-art, CO2-optimized forged aluminum facility to answer the needs of customers who seek multiple wheel solutions to optimize their transportation solutions.”
Mustafa Zaim, President of the Board of Maxion Inci and Maxion Jantas, added, “Serving the truck wheel market is our passion, and we have been doing so for more than 50 years. For Inci Holding to join forces, again, with Maxion Wheels is both an honor and a testament to the power of our collaboration. Our truck and trailer customers will benefit from our existing strengths, now getting the full breadth of wheel knowledge, skills and products they need from one trusted source.”
"Our truck and trailer customers will benefit from our existing strengths, now getting the full breadth of wheel knowledge, skills and products from one trusted source."
Maxion Wheels’ steel wheels expansion includes the recent capacity addition of more than 500,000 commercial vehicle wheels in Brazil, as well as, the above mentioned 1.5 million new truck wheels capacity in Turkey. Construction of the new 45,000-square-meter forged aluminum wheels facility will begin this year, with a planned start of production for late 2024. Initial installed capacity is 350,000 forged aluminum wheels annually, with the ability to scale to twice that amount in the years after.
Über Inci Holding
Die Inci Holding ist ein Familienkonglomerat aus neun verschiedenen Unternehmen mit 3.000 Beschäftigten mit Sitz in Izmir, Türkei, und dem führenden Hersteller von Fahrzeugrädern und -batterien mit Sitz in Manisa. Das Unternehmen, das regelmäßig als Branchenführer in den Bereichen Service, Technologie und Nachhaltigkeit anerkannt wird, exportiert 60 Prozent seiner Produktion in mehr als 100 Länder und wurde von der TİM, der Türkischen Exporteursversammlung, in die Spitzengruppe aufgenommen. Über seine Joint Ventures Maxion Inci und Maxion Jantas verfügt das Unternehmen im Manisa Organized Industrial Park über eine installierte Jahreskapazität von mehr als 12 Millionen Rädern mit einem Jahresumsatz von rund 350 Mio. €. Weitere Informationen finden Sie auf der Website der İnci Holding unter www.inciholding.com.