Iochpe-Maxion
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| Sociedade Anônima | |
| Traded as | BM&F Bovespa: MYPK3 |
| Industry |
Wheel Rail |
| Founded | 1918 |
| Headquarters | São Paulo, Brazil |
| Website | www.iochpe-maxion.com.br |
Overview
The Company is the leading global company in the segments in which operates, particularly in the production of wheels and structural components for light and commercial vehicles. There are also leaders in the segment of railway equipment in Brazil. The Group have 25 industrial units, 03 offices and nearly 19 thousand employees located in 14 countries, which enables us to serve them clients globally within the terms and quality standards required by them. The Iochpe Maxion Group operate through 02 divisions in the automotive segment which is Maxion Wheels and Maxion Structural Components, and in the railway segment AmstedMaxion.
The Wheels division Maxion Wheels manufactures and trades a wide range of steel wheels for light and commercial vehicles and farm machinery, as well as aluminum wheels for light vehicles.
The Structural components division Maxion Structural Components produces mainly sidemembers, crossmembers and complete chassis for commercial vehicles and structural stamped items for light vehicles.
In the railway segment, is produced freight cars, wheels as well as railway and industrial castings through our joint venture AmstedMaxion
History
The Company was founded in "1918", when we started our lumbering activities, in the State of Rio Grande do Sul. Over time, we extended our activities to the financial sector and, subsequently, to the industrial sector.
As from the 1990s, we started to focus our operations on the segments of auto parts and railway equipment, with the disposal of a major portion of the assets and equity interest not linked to these segments. In 1998, we initiated an operational restructuring process, including definition of our business portfolio.
In early 2000, 50% of our railway equipment business was disposed of to Amsted Industries, giving rise to the incorporation of the joint venture Amsted Maxion. Once the operational restructuring initiated in 1998 was completed, the Company started to conduct its business by means of two companies, the subsidiary AmstedMaxion, in the railway segment, and Maxion Sistemas Automotivos, which has two divisions: wheels and chassis, and automotive components.
In January 2008 we converted our preferred shares to into common shares with the purpose of entering the Novo Mercado trading segment of BM&FBOVESPA, the São Paulo Stock Exchange. In July 2008, aiming at simplifying our operational and corporate structures, the Maxion Sistemas Automotivos merged into the Company, thus resuming its operational nature, concentrating all major operations in Brazil, except for the subsidiary AmstedMaxion, in one single legal entity.
In August 2009, the Company purchased the wheels business of ArvinMeritor in Brazil, Mexico and the United States, which was then named "Fumagalli Division".
In December 2010, aiming at increasing its production capacity in Mexico, the Company purchased the assets relating to the wheels business of Nugar S.A.P.I. de C.V., a Mexican company controlled by the CIE Automotive group.
Finally, in early 2012, we completed the acquisition of the Galaz Group, a Mexican manufacturer of steel side bars for commercial vehicles, as well as of Hayes Lemmerz, a US global manufacturer of steel and aluminum automotive wheels for light vehicles, and steel wheels for commercial vehicles.
Subsidiaries
Maxion Wheels
Maxion Wheels has a true global presence with 20 facilities located in 14 countries around the world. The Company sell wheels to every global manufacturer of passenger cars and commercial highway vehicles. The division combined the reach of Hayes Lemmerz with the heritage of Iochpe-Maxion that provides engineering expertise, manufacturing capacity and efficient delivery in every major market around the world.
Maxion Structural Components
Maxion Structural Components manufactures and sells structural components for trucks, buses, pick-ups, cars, tractors, agricultural machinery and off-road vehicles. Maxion Structural Components has nearly 5,000 employees and manufacturing 08 plants distributed in Brazil, Argentina, Uruguay and Mexico.
Amsted Maxion
A pioneer, AmstedMaxion serves all railways and their users in Brazil and abroad, including freight car leasing companies.In the largest steel casting plant of South America, parts of up to 6 tons are manufactured for application on machinery and industries of civil construction, mining, siderurgy, automobile and railway.