08 AUGUST 2014futures.tradingcharts.com
Maxion to open new aluminum wheel manufacturing facility in Limeira, Brazil
Edited by : AL CIRCLE
1 min read
Maxion Wheels, a producer of wheels for passenger cars, light trucks, commercial trucks and trailers, has announced that it will open a new light vehicle aluminum wheel manufacturing facility in Limeira, Brazil.
The new facility will join an existing steel wheel plant on the same site and create 800,000 wheels of new wheel capacity in year one, eventually growing to a capacity of 2,000,000 annually. The facility will provide 500 new jobs with an anticipated start of production in the second half of 2015.
Maxion Wheels is also initiating an expansion of their current automotive aluminum wheel facility in Santo Andre. The Santo Andre plant will add to their existing capacity by more than 50% to meet growing domestic demand.
Don Polk, Maxion Wheels' President of the Americas stated, "Maxion Wheels is uniquely positioned to be able to meet the growing demand for high quality aluminum wheels in the Brazilian market. The key to our success and the growth of our business is due to the commitment and effort of our employees to provide that quality to our customers."
The new facility will join an existing steel wheel plant on the same site and create 800,000 wheels of new wheel capacity in year one, eventually growing to a capacity of 2,000,000 annually. The facility will provide 500 new jobs with an anticipated start of production in the second half of 2015.
Maxion Wheels is also initiating an expansion of their current automotive aluminum wheel facility in Santo Andre. The Santo Andre plant will add to their existing capacity by more than 50% to meet growing domestic demand.
Don Polk, Maxion Wheels' President of the Americas stated, "Maxion Wheels is uniquely positioned to be able to meet the growing demand for high quality aluminum wheels in the Brazilian market. The key to our success and the growth of our business is due to the commitment and effort of our employees to provide that quality to our customers."
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