Maxion Wheels, a division of IOCHPE-MAXION S.A., has announced the formation of a new legal entity, Maxion Wheels Aluminium India Private Limited, for light vehicle aluminium wheels production in Pune, India. The company will produce low pressure die cast aluminium wheels with a high-end wheel finish.
Maxion Wheels will initially build a 25,000 square meters manufacturing plant with annual capacity of two million wheels beginning production expected for the third quarter of 2019. The company will increase annual production capacity to four million wheels in the coming years.
Pieter Klinkers, Chief Executive Officer, said: “Maxion Wheels is committed to serving its customers’ growing demand for light vehicle aluminium wheels, especially in India where market growth is outpacing available capacity.”
“We’ve been in India for more than 20 years, providing original equipment manufacturers with light and commercial vehicle steel wheels. We’re pleased to satisfy our global customers’ growing request that we bring our recognized global aluminium wheel expertise to India, and we are excited about the opportunity our new plant will afford us to strengthen our global footprint and strategically expand our presence in the region.”
The company said a groundbreaking ceremony is scheduled on February 19, 2018.
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