- Business
- Iochpe-Maxion S.A. manufactures and sells automotive wheels and structural components for commercial and light vehicles worldwide. The company produces steel wheels for light vehicles, commercial vehicles, and agricultural machinery; aluminum wheels for light vehicles; and structural components including beams, cross members, assembled chassis, frames, sidebars, crossbars, metal stampings, hand brake levers, pedals, welded assemblies, and other automotive parts through its Maxion Wheels and Maxion Structural Components divisions; it also offers railway wheels, castings, industrial castings, and freight wagons via the AmstedMaxion joint venture. Founded in 1918 and headquartered in Cruzeiro, Brazil, Iochpe-Maxion operates 32 to 33 manufacturing plants across 14 countries in North America, South America, Europe, and Asia, serving original equipment manufacturers with a focus on innovation, sustainability, and proximity to customer facilities. Recent developments include securing R$357.3 million in long-term financing from FINEP in 2025 to fund innovation projects over four years, targeting new materials and processes for electric and low-emission vehicles, digital transformation, automation, AI optimization, vehicle monitoring solutions, and conversion kits for combustion vehicles to electric; announcing in November 2025 a strategic expansion of light vehicle aluminum wheels capacity in South America via redeployment of global assets to Brazil and a planned 50.1% acquisition in Argentina's Polimetal, though later paused; and reporting net revenue growth to R$15.3 billion in 2024 with improved EBITDA margins driven by operational efficiencies and sustainability initiatives.