Iochpe Maxion
Iochpe-Maxion is a Brazilian-listed Tier 1 automotive supplier and the world's largest wheel manufacturer, producing 50 million wheels annually and structural components across 14 countries for global OEMs through Maxion Wheels and Maxion Structural Components.
- Company typePublic
- Founded1918
- HeadquartersSão Paulo, Brazil
- Headcount5,001–10,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Iochpe Maxion does
Iochpe-Maxion S.A. is a Brazilian-domiciled, publicly listed (B3: MYPK3; ADR: IOCJY) Tier 1 automotive supplier founded in 1918, headquartered in Cruzeiro, Brazil with corporate offices in São Paulo and Vienna. The company operates two core divisions: Maxion Wheels, one of the world's largest manufacturers of steel and aluminum wheels producing 50 million units per year across 31-33 facilities in 14 countries on five continents; and Maxion Structural Components, a leading producer in the Americas of side rails, crossmembers, chassis frames, and stamped parts for commercial and passenger vehicles. Combined, the company employs approximately 17,000 people from more than 50 nationalities and serves nearly every global automotive OEM with wheels and structural assemblies for passenger cars, commercial trucks, buses, agricultural vehicles, defense, and off-highway applications through direct enterprise supply contracts.
The company's underlying technology is rooted in advanced wheel and chassis manufacturing, including Global Engineering Centers for steel and aluminum wheels (Germany, Italy, Brazil, Thailand) and proprietary innovations such as the Maxion FUSION hybrid wheel concept that combines aluminum and steel for approximately 30% lower CO2 emissions than standard alloy wheels. Maxion Structural Components is co-developing chassis-integrated battery systems for electric commercial vehicles with Forsee Power. Its ROADMAP ZERO sustainability strategy commits to Scope 1 and 2 CO2 reductions of 30% by 2025, 70% by 2030, and net-zero by 2040 (SBTi-validated), supporting a 100% renewable electricity target by 2030. The Maxion Advanced Technologies hub in Berlin focuses on innovation partnerships.
Iochpe-Maxion generates revenue through direct OEM hardware sales: wheel units and structural components delivered under long-term supply contracts with global vehicle manufacturers, leveraging a just-in-time distributed manufacturing footprint. Recent strategic moves include the 2025 acquisition of a 50.1% stake in Argentine aluminum wheel producer Polimetal, leadership transition to CEO Pieter Klinkers in April 2025, and a R$357.3 million FINEP innovation funding contract. Capital structure includes a USD 400 million sustainability-linked notes issuance (2021) and multiple Brazilian debenture issuances totaling approximately R$2.7 billion between 2024 and 2026.
Iochpe Maxion firmographics
Firmographics- Name
- Iochpe Maxion
- Legal name
- Iochpe-Maxion S.A.
- Website
- https://www.iochpe.com.br/
- Company type
- Public
- Founded year
- 1918
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Iochpe-Maxion is a Brazilian-listed Tier 1 automotive supplier and the world's largest wheel manufacturer, producing 50 million wheels annually and structural components across 14 countries for global OEMs through Maxion Wheels and Maxion Structural Components.
- Ownership category
- akta.pro rank
Iochpe Maxion industry classification
Industry- Product category
- Automotive Components Manufacturing
- NAICS
- Motor Vehicle Parts Manufacturing (3363)
- SIC
- Truck & Bus Bodies (3713), Motor Vehicles & Passenger Car Bodies (3711)
- akta.pro primary industry
- Wheels & Rims Manufacturing (Steel/Alloy) (IMACAIAJ)
- akta.pro secondary industries
- Vehicle Body-in-White & Structural Assemblies Manufacturing (IMACAGAG), Wheel Hubs, Bearings & Knuckles (Hubs/Bearings/Spindles/Knuckles) (IMACAIAI), Body Panels, Doors, Hoods & Closures Manufacturing (IMACAGAH)
Keywords
Where Iochpe Maxion is headquartered
LocationHeadquarters
- HQ city
- São Paulo
- HQ country
- Brazil
- HQ region
- Latin America
Offices31 records
Markets served
Iochpe Maxion business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Automotive Wheel Sales: Design, manufacturing, and sale of steel and aluminum wheels for passenger vehicles, commercial trucks, trailers, buses, agricultural vehicles, defense, and off-highway applications. Revenue is generated through direct OEM supply contracts with automotive manufacturers globally.
- Structural Components Sales: Production and sale of side rails, crossmembers, assembled chassis for commercial vehicles, structural assemblies for passenger vehicles, frames, and stamped parts. Revenue derived from long-term supply relationships with OEM customers in the Americas and globally.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels6 records
Iochpe Maxion product offering
Product offeringCore offering
Iochpe-Maxion manufactures and sells automotive wheels (steel and aluminum) for passenger, commercial, agricultural, defense, and off-highway vehicles through its Maxion Wheels division, producing approximately 50 million wheels per year across 31-33 facilities in 14 countries. Through Maxion Structural Components, the company produces side rails, crossmembers, assembled chassis for commercial vehicles, and structural assemblies for passenger vehicles, serving as a Tier One supplier to nearly every global automotive OEM.
Product overview
Iochpe-Maxion operates as a manufacturing conglomerate with two core business divisions: Maxion Wheels and Maxion Structural Components. Maxion Wheels is the world's largest wheel supplier, producing steel and aluminum wheels for passenger cars, commercial trucks, buses, agricultural vehicles, and specialty applications across 31 manufacturing locations in 14 countries with annual production of 50 million wheels. Maxion Structural Components is the leading structural components producer in the Americas, manufacturing side rails, chassis frames, crossmembers, and stamped structural parts for commercial vehicles and passenger cars across 8 factories. The company also recently launched Maxion FUSION, an innovative hybrid wheel combining aluminum and steel for improved sustainability and performance. Both divisions serve global Tier One automotive OEMs with a focus on lightweight, efficient, and sustainable mobility solutions.
Differentiator
Problem solved
Functional benefit
Brands
- Roadmap Zero: Sustainability strategy to become carbon neutral by 2040, covering Scope 1, 2 and 3 emissions reduction with targets of 30% by 2025, 70% by 2030, and net-zero by 2040.
- Formare
- Maxion FUSION
Products and services
- Maxion Wheels (Steel and Aluminum Wheels)
- Maxion Structural Components
- Maxion FUSION Hybrid Wheel
Quantifiable outcome
- 50 million wheels produced per year, making Maxion one of the world's largest wheel producers
- +3 more outcomes
Companies that use Iochpe Maxion
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles2 records
Iochpe Maxion technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Iochpe Maxion partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core.
- PolimetalcoreIochpe-Maxion, through Maxion Wheels, acquired a 50.1% shareholding in Polimetal, a leading producer of aluminum wheels in Argentina. Polimetal has been a long-term strategic and well-respected supplier of aluminum wheels to OEMs producing in the local market. The transaction was consummated on November 3, 2025, and will be submitted to the Argentinean competition authority.
- Forsee PowercoreIochpe-Maxion, through Maxion Structural Components, partnered with Forsee Power (French leader in smart battery systems for sustainable transport) to offer integrated battery system solutions for electric commercial vehicles. The partnership covers major world commercial vehicle markets with ongoing studies mainly in the Americas. The goal is to provide complete solutions allowing customers to obtain the best battery system integration layout, maximizing available volume while optimizing total weight without compromising payload and power to achieve required autonomy.
- Dongfeng Motor Parts and Components GroupcoreMaxion Wheels and Dongfeng Motor Parts and Components Group formed Dongfeng Maxion Wheels, a joint venture established in 2019 to build a 22,000 m² aluminum wheel plant in Suizhou, China. This partnership supports Maxion Wheels' growth strategy in the world's largest automotive market.
- İnci HoldingcoreMaxion Wheels, in partnership with İnci Holding, has been operating in Manisa, Türkiye since 2012. With a legacy dating back to 1968, the site has grown from its original Jantas plant to include steel and aluminum wheel production for light vehicles, reflecting decades of innovation and expansion.
- Iochpe FoundationcoreIochpe-Maxion operates as an active Formare program partner through the Iochpe Foundation, operating seven Formare units: four in Brazil, two in Mexico, and one in India. The Formare program, established since 1989 and administered by the nonprofit Iochpe Foundation, provides professional training and academic scholarships to youth from underprivileged communities. The company supports the program through volunteer educators from its workforce and financial contributions.
- Multiple Global OEMs (Maxion FUSION development)coreMaxion Wheels is developing the Maxion FUSION hybrid wheel under two OEM development projects, combining aluminum and steel materials for an optimal wheel form and function at an affordable price point with lower CO2 footprint.
- Savitribai Phule Pune University (SPPU)corePartnership with SPPU for the Formare program in India, launched in 2024. The program is certified by SPPU, and students who complete additional third-year study can earn a full SPPU graduation certificate.
- UTFPR (Universidade Tecnológica Federal do Paraná)coreFormare program courses are certified by UTFPR in Brazil. The university provides academic certification for the vocational training program operated within Iochpe-Maxion's factories.
- UTSLP and UTCH (Technological Universities in Mexico)coreFormare program courses in Mexico are certified by the Technological University of San Luis Potosí (UTSLP) and the Technological University of Chihuahua (UTCH), providing academic credentials for vocational training within Iochpe-Maxion's Mexican operations.
Scale indicators10 records
Recent moves8 records
Expansion highlights5 records
Iochpe Maxion competitors and assessment
Company assessmentDirect peers
- Multimatic: Canadian automotive supplier producing structural and chassis components for OEMs; comparable to Maxion Structural Components in light vehicle and commercial vehicle structural assemblies.
- Superior Industries International: US-headquartered manufacturer of aluminum wheels for OEMs, with operations in North America and Europe; a direct competitor to Maxion Wheels particularly in the North American light vehicle aluminum wheel segment.
- Enkei Corporation: Japanese aluminum wheel manufacturer supplying global OEMs, directly comparable to Maxion in light vehicle aluminum wheels and competing across the same global OEM programs.
- Borbet: German aluminum wheel manufacturer producing light-alloy wheels for OEMs and the aftermarket, directly comparable to Maxion's aluminum wheel business with strong European OEM relationships.
- Ronal Group: Swiss-based global manufacturer of aluminum and steel wheels for passenger cars and commercial vehicles, directly competing with Maxion Wheels across the same OEM customer base in Europe and globally.
- BBS Kraftfahrzeugtechnik: German premium wheel manufacturer with OEM and motorsport exposure; directly comparable to Maxion in the premium OEM wheel category, particularly in Europe.
- Gestamp: Spanish multinational specializing in metal automotive components including chassis and structural parts; directly comparable to Maxion Structural Components in side rails, crossmembers, and chassis assemblies for commercial vehicles.
Broad incumbents
- Continental AG: Global automotive supplier with automotive group operations spanning chassis, interior, and drivetrain; an incumbent player operating in adjacent automotive component categories where Maxion also competes.
- Magna International: Large Canadian Tier One supplier with broad automotive component portfolio including wheels, chassis, and body structures; competes with Maxion as a broader incumbent with deeper resources but less specialization in pure wheel manufacturing.
Emerging players
- CITIC Dicastal: Chinese aluminum wheel manufacturer with rapidly expanding global OEM relationships; an emerging regional player that competes with Maxion especially in cost-sensitive OEM programs and in growing EV-related wheel demand.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
Iochpe Maxion social profiles
Digital presenceIochpe Maxion financial estimates
Financial estimateRevenue estimate
Valuation estimate
Iochpe Maxion leadership team
Management profileNumber of profiles
Profiles12 records
Iochpe Maxion subsidiaries and ownership
Company hierarchySubsidiaries10 records
Iochpe Maxion funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Iochpe Maxion M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Iochpe Maxion
What does Iochpe Maxion do?
Iochpe-Maxion manufactures and sells automotive wheels (steel and aluminum) for passenger, commercial, agricultural, defense, and off-highway vehicles through its Maxion Wheels division, producing approximately 50 million wheels per year across 31-33 facilities in 14 countries. Through Maxion Structural Components, the company produces side rails, crossmembers, assembled chassis for commercial vehicles, and structural assemblies for passenger vehicles, serving as a Tier One supplier to nearly every global automotive OEM.
Is Iochpe Maxion a public or private company?
Iochpe Maxion is a public company. It is classified as public and is currently operating.
When was Iochpe Maxion founded?
Iochpe Maxion was founded in 1918. It employs 5,001 to 10,000 people.
Where is Iochpe Maxion based?
Iochpe Maxion is headquartered in São Paulo, Brazil, in the Latin America region.
How does Iochpe Maxion make money?
Two revenue lines are on record. Automotive Wheel Sales are the primary driver. The others are structural Components Sales.
Who are Iochpe Maxion's main competitors?
Direct peers on record are Multimatic, Superior Industries International, Enkei Corporation, Borbet, Ronal Group, BBS Kraftfahrzeugtechnik and Gestamp. Broad incumbents are Continental AG and Magna International. CITIC Dicastal is listed as an emerging player.
Does Iochpe Maxion have an API?
No public API is recorded for Iochpe Maxion.
What industry is Iochpe Maxion in?
Iochpe Maxion's product category is Automotive Components Manufacturing. Its primary akta.pro industry code is IMACAIAJ, Wheels & Rims Manufacturing (Steel/Alloy), with a secondary code of IMACAGAG, Vehicle Body-in-White & Structural Assemblies Manufacturing. Its NAICS code is 3363 and its SIC code is 3713.