Maxion Wheels and Dongfeng Automobile Zero Parts Co., Ltd. have announced a contract to establish a new joint venture for manufacturing aluminum wheels. The new corporation, Dongfeng Maxion Wheels, will construct a new plant with an annual production capacity of two million in Hubei Province, China, and plans to start serial production in the second half of 2020.
Marcos Oliveira, CEO of Iochpe-Maxion, said: “Enhancing our presence in Asia is one of the top priorities of Iochpe-Maxion. Our global customer relationships and considerable aluminum wheel expertise, and expanding our portfolio to include aluminum wheels for small cars By combining the goals of Dongfeng Motor's zero part, a strong partnership is in place, joining Dongfeng’s strong and dynamic organization, and through this joint venture, world class aluminum wheels to OEM customers in the world and in China Providing is an honor for us.”
The new joint venture will produce low-pressure cast aluminum wheels, including premium wheel finishes and other innovative wheel features.