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September 02, 2015 4:39 AM ET

Auto Components

Company Overview of Maxion Wheels Inc.

Company Overview

Maxion Wheels Inc., together with its subsidiaries, engages in the design, manufacture, and supply of steel and aluminum wheels to the original equipment manufacturers of passenger and commercial vehicles worldwide. The company offers aluminum light vehicle wheels for passenger cars; steel light vehicle wheels for passenger cars, light trucks, sport utility vehicles, and light commercial vehicles; and steel commercial vehicle wheels for trucks and trailers. It also provides wheels for agriculture and off-road construction applications, including tractors, combines, sprayers, planters, compactors, and graders; forklift wheels for lift trucks, towing tractors, low loaders, trailers, heavy load...

39500 Orchard Hill Place

Suite 500

Novi, MI 48375

United States

Founded in 1908

6,400 Employees

Phone:

734-737-5000

Fax:

734-737-2071

Key Executives for Maxion Wheels Inc.

Chief Executive Officer
Age: 44
Chief Financial Officer and Vice President
Age: 59
President of Americas Operations
President of Europe, Africa and Asia Pacific (EAAP)
Vice President, General Counsel and Secretary
Compensation as of Fiscal Year 2015.

Maxion Wheels Inc. Key Developments

ThyssenKrupp Carbon Components and Maxion Wheels Announce Cooperation to Develop Cutting-Edge Aluminum/Carbon Fiber Hybrid Wheels

ThyssenKrupp Carbon Components and Maxion Wheels have established a cooperation agreement to develop and market innovative new ultra-lightweight aluminum and carbon fiber hybrid wheels for the premium vehicle OEM market. The combined expertise of ThyssenKrupp with Maxion Wheels will offer customers exceptional performance benefits at an attractive price point. The combined technologies could generate a weight savings of up to 40% when compared to high performance forged aluminum wheels and at the same time offer high value styling. The ThyssenKrupp Carbon Components Maxion Wheels team will work with OEMs to develop custom solutions to meet their specific needs. Based on the developments of ThyssenKrupp Carbon Components in carbon fiber hybrid wheels, with its unique braiding technology, the partners have built and extensively tested prototypes for use on luxury cars and SUVs. Testing took place at certified Maxion Wheels test labs. In addition, the ThyssenKrupp Maxion Wheels team is working with the Volkswagen Group to test prototypes on a vehicle. Public road tests have shown improved performance, e.g superior damping which leads to less vibration and road noise. Maxion Wheels and ThyssenKrupp Carbon Components will continue to enhance the value proposition of the lightweight aluminum and carbon fiber hybrid wheels. As an important contribution Maxion will bring their innovative liquid-forged aluminum discs to the cooperation, which offers comparable material properties as traditionally forged wheels at lower cost and at the full design flexibility of casted wheels.

Marcos Oliveira Promotes Pieter Klinkers as CEO of Maxion Wheels, Effective March 1, 2015

Marcos Oliveira announced that Pieter Klinkers is being promoted to CEO of Maxion Wheels, effective March 1, 2015. Pieter has a successful history of twenty years in wheels and tires, working for the Michelin Group before joining Maxion Wheels in 2005 as Vice President of Sales for Europe, Africa & Asia Pacific (EAAP). Pieter was promoted to President EAAP in 2009, where he has successfully increased Sales and Profitability for the region. Pieter assumed further responsibilities in 2013, spearheading the fast-moving Innovation efforts Maxion Wheels had launched after its take-over of the legacy Hayes Lemmerz in early 2012. Pieter will be leading the Maxion Wheels team from the company's holding company in Konigswinter (Bonn), Germany.

Maxion Wheels Opens Light Vehicle Aluminum Wheel Manufacturing Facility in Limeira, Brazil

Maxion Wheels has announced that it will open a new light vehicle aluminum wheel manufacturing facility in Limeira, Brazil. The new facility will join an existing steel wheel plant on the same site and create 800,000 wheels of new wheel capacity in year one, eventually growing to a capacity of 2,000,000 annually. The facility will provide 500 new jobs with an anticipated start of production in the second half of 2015. Maxion Wheels is also initiating an expansion of their current automotive aluminum wheel facility in Santo Andre. The Santo Andre plant will add to their existing capacity by more than 50% to meet growing domestic demand.

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