Maxion Wheels announces expansion of steel wheels business for European commercial vehicles on track with new plant opening in Turkey

9 March 2021

Maxion Wheels, the world's largest wheel manufacturer, announced that it has completed the construction and infrastructure of its new commercial vehicle (LCV) steel wheel factory , Maxion Jantaş, of 21,000 square meters in Manisa, Turkey. Together with its partner Inci Holding, Maxion Wheels, which previously announced the expansion during the start of work on the newly acquired land, today reports that the expansion is expected to be completed in the first quarter of 2022, bringing the capacity Maxion Jantaş's total production output to three million LCV steel wheels, per year.

"Confident in a full economic recovery, and with the expectation of a robust global freight market set to grow over the next five years, Maxion Wheels is determined to meet the growing demand of its customers by increasing the production of its market-leading LCV steel wheels, ”said Pieter Klinkers, CEO of Maxion Wheels. “Our truck wheel volumes continue to grow globally as we pursue our strategy of delivering cost-effective, lightweight and innovative solutions for the commercial vehicle market. We are delighted to offer our customers additional capacity soon through our world-class Turkish operations. "

Mustafa Zaim, Chairman of the Board of Directors of Maxion Inci Turkish Operations, added: “With this expansion, Maxion Jantaş becomes the largest producer of truck wheels, in Europe and the Middle East, with two VU wheel factories. steel, in Turkey, and a capacity of up to three million wheels per year. The new factory becomes the fifth Maxion Inci wheel factory in the Manisa Organized Industrial Zone, where Maxion Inci continues to promote global competitiveness with breakthroughs in the sector, such as its Industry 4.0 digitization efforts, which aim to make all our factories “smart factories”. "

Maxion and Inci also produce around 10 million steel and aluminum wheels for light vehicles, per year, which together with the steel LCV wheels, generate an annual turnover of nearly 350 million EUR in the Organized Industrial Zone. by Manisa.

ABOUT MAXION WHEELS

Maxion Wheels, a division of Iochpe-Maxion SA, is one of the leading manufacturers of wheels for passenger cars, light trucks, buses, heavy goods vehicles and trailers. The Company also manufactures wheels for military and agricultural vehicles, as well as other off-road applications. With over 100 years of wheel manufacturing experience, and a workforce of 10,000 employees worldwide, Maxion Wheels is the world's largest wheel manufacturer, producing nearly 55 million units per year. Globally, the Company serves its OEM customers from 31 facilities in 15 countries on five continents, and has state-of-the-art technical centers in the Americas, Europe and Asia. For more information, visit the Maxion Wheels website atwww.maxionwheels.com .

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Contacts
MAXION WHEELS MEDIA CONTACT:
Colleen Hanley
Global Director, Marketing and Communications
Mobile: +1 (248) 916-2477
E-mail: [email protected]

 

Source: businesswire.com