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5. Maxion Wheels Business Report up until FY 2014

Maxion Wheels Business Report up until FY 2014

New Plant

-In 2014, the Company has announced plans for 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 million annually. The facility will provide 500 new jobs with an anticipated start of production in the second half of 2015. The Company 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 percent to meet growing domestic demand. (From a press release on July 25, 2014)

Acquired by Iochpe-Maxion

-In February 2012, the Company announced that Iochpe Holdings, LLC, a North American subsidiary of Brazil-based wheel and chassis manufacturer Iochpe-Maxion S.A., has finalized its transaction to acquire Hayes Lemmerz. The transaction combines the wheel businesses of Iochpe-Maxion and Hayes Lemmerz to create Maxion Wheels in Northville, Michigan, the U.S., a wheels business with manufacturing locations in 12 countries. (From a press release on February 1, 2012)

Major Contracts

-In January 2011, the Company announced that Hayes Lemmerz powder-coated, lightweight steel wheels will be standard on Wabash National Corporation trailers. Wabash National, based in Lafayette, Indiana, U.S., is a manufacturer of semi trailers such as flatbed trailers and drop deck trailers. (From a press release on January 24, 2011)

Patents

-In May 2012, the Company announced that it has been assigned a patent (8,162,406) for a new type of clad (wheel cover). The new clad is made from a combination of plastic components, which allow for styling, and stainless steel, which gives a bright chrome appearance. Enhanced styling is joined by cost effectiveness in this new product, as the clad can be put on a drop center (lower cost) wheel. (From a press release on May 9, 2012)

Awards

-In May 2014, the Company announced that it has received a "2013 World Excellence Award" from Ford Motor Company. (From a press release on May 27, 2014)

-In May 2013, the Company announced that its facility in Konigswinter, Germany, earned the Silver World Excellence Award from Ford Motor Company in recognition of the facility's contribution to delivering high-quality products to Ford during 2012. (From a press release on May 31, 2013)

-In May 2013, the Company announced that its facility in Limeira, Brazil, was awarded the Fiat Qualitas Award in the Metallic Materials and Powertrain category. (From a press release on May 20, 2013)

-In May 2013, the Company announced that it was given Special Recognition for Performance in Meeting Fiat/Chrysler's Production Plan. (From a press release on May 20, 2013)

-In October 2012, the Company announced that its Konigswinter, Germany facility achieved the Volvo Quality Through Excellence Award ("VQE Award"). (From a press release on October 11, 2012)

-In September 2012, the Company announced that its Manresa, Spain facility received the GM Supplier Quality Excellence Award for the period from July 1, 2011 through June 30, 2012. The Manresa facility belongs to Maxion's EAAP division. (From a press release on September 7, 2012)

-In December 2011, the Company has received Wabash National's 2011 Supply Chain Leadership and Performance Pinnacle Supplier Award. The Company supplies powder-coated, lightweight steel wheels as standard equipment for Wabash National's trailers. (From a press release on December 13, 2011)

-In July 2009, the Company announced that its Akron, Ohio, USA facility has been honored with "2008 Masters of Quality Award" from Daimler Trucks North America LLC. (From a press release on July 22, 2009)

Restructuring

-In January 2010, the Company announced that it will close its Barcelona, Spain cast aluminum manufacturing facility. The plant closing is part of the Company's ongoing plan to align its capacity with market conditions and eliminate costs. The plant, which employs approximately 140 people, manufactures aluminum wheels for automotive customers located in Spain. The Company's customers are supportive of the closing and the Company's plans to move current production to other its facilities. (From a press release on January 14, 2010)

Reorganization under Chapter 11

-In December 2009, the Company announced that it has emerged from its Chapter 11 bankruptcy protection. The Company filed voluntary petitions for relief under Chapter 11 in May 2009. (From a press release on December 21, 2009)

Investment Outside U.S.A.

<India>
-In 2010, the Company opened a new passenger car wheel plant in India. The company is a joint venture between Hayes Lemmerz International, Inc. of U.S. and the Kalyani Group of India. Kalyani Hayes Lemmerz has booked 1.7 million of its 2 million wheel capacity to meet order from FIAT, Tata Motors, Mahindra & Mahindra, VW India, VW USA, VW Mexico, VW China, Ford India and Renault Nissan India. (From a press release on November 23, 2010)

-In September 2010, the Company announced that it will inaugurate a new passenger car steel wheel facility in November 2010. The facility, located in Pune, India, is the first Company's passenger car steel wheel facility in Asia. Initial annual capacity for the facility is 2 million wheels, to be expanded to 4 million wheels soon. The new facility will supply its wheels to Tata, Volkswagen, Renault, Ford and other customers. (From a press release on September 22, 2010)

Data

-The Company has just over 10,000 employees globally.