Polimetal

Maxion Wheels acquired a 50.1% shareholding in Polimetal, a leading producer of aluminum wheels in Argentina, to serve growing demand in South America.

Iochpe-Maxion, through its Maxion Wheels business, announced strategic expansion of light vehicle aluminum wheel production in South America, including redeployment of global assets to Brazil and acquisition of a 50.1% stake in Polimetal in Argentina.