Maxion Wheels to Open New Plant in India
Maxion Wheels, the world’s largest wheel manufacturer, announced the formation of a new legal entity, Maxion Wheels Aluminum India Private Limited, as a key step in its plan to develop and produce up to four million light vehicle aluminum wheels annually in India.
“Maxion Wheels is committed to serving its customers’ growing demand for light vehicle aluminum wheels, especially in India where market growth is outpacing available capacity,” said Pieter Klinkers, Chief Executive Officer, Maxion Wheels. “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 aluminum 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 new wholly-owned operation, expected to initially bring more than 500 new jobs to the region, will produce low pressure die cast aluminum wheels with a high-end wheel finish.
Category: General Update, News, Wheels & Tires