Maxion Wheels Holding GmbH (Formerly Hayes Lemmerz International Inc.)

Company Profile

■URL

https://www.maxionwheels.com

■Address

Ladestrasse, 53639 Koenigswinter, Germany

Business Overview

-The Company is one of two operating divisions under Iochpe-Maxion. The Company is a leading manufacturer of steel and aluminum wheels for passenger vehicles, commercial vehicles, and specialty vehicles including agricultural, construction, mining, and military vehicles.

-The Company is the world’s largest steel wheel producer and is among the world leaders in aluminum wheel production for light vehicles. The Company produces approximately 50 million wheels per year, including 10 million steel wheels for trucks and trailers.

Shareholders

-The Company is a wholly owned subsidiary of Iochpe-Maxion S.A.

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Products

Wheels for light vehicles
-Customizable aluminum wheels with multi-color paint application (MCPA) capabilities
-Tall and narrow aluminum wheels to reduce weight
-Aluminum wheels with reduced rim thickness
-Painted and bright machined aluminum wheels
-Aluminum wheels with premium finishes
-Cladded aluminum wheels
-Flow formed steel wheels
-Steel wheels with integrated full face design
-Steel wheels with drop center design
-Bead seat steel wheels
-Cladded steel wheels
-VersaStyle steel wheels featuring a steel wheel backbone and stylized cap
-ACORUS wheel technology to reduce impact and vibrations from the road
-Steel wheels for urban logistics vehicles
-Maxion BIONIC sustainable steel wheels designed for larger size applications and increased loads

Wheels for commercial vehicles
-Tubeless steel wheels
-Tube-type steel wheels
-GEN34 34 kg steel wheels
-GEN30 30 kg steel wheels
-Tough and Light steel truck wheel with circular hand hole shape for reduced structural stresses
-Last Mile Delivery steel wheels for cost-effective last mile applications
-MaxCoat Extra multi-layer finish for enhanced wheel protection
-Lightweight steel wheels for trucks
-Green steel wheels for commercial vehicles
-Forged aluminum wheels

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History

1908	Incorporated in Delaware as Hayes Wheels International Inc.
1927	Merged with K.H Wheel Company to form Kelsey-Hayes Wheel Corporation.
Oct. 1993	The Company and Nova Hut a.s. Ostrava of the Czech Republic signed a joint venture agreement to form Autokola.
Dec. 1993	Sold its 49% interest in Metalurgica FPS do Brazil for $2,800,000.
1993	Increased its ownership in Hayes Wheels, S.P.A. from 75% to 100%
1994	Acquired the remaining 10% interest in Kelsey Hayes de Espana
1994	Purchased a brake controller business from Kelsey-Hayes Company for $2,000,000
Jun. 1995	Increased in its ownership in its joint venture, Ruedas de Venezuela C.A. from 30 percent to 49 percent.
Oct. 1996	Exercised its right to increase its ownership in Hayes Wheels Autokola N.H. a.s. from 45% to 58% in consideration for cash contribution of $6,000,000.
Jun. 1997	Acquired Lemmerz Holding GmbH and Present name adopted in Oct.1997.
Sep. 1997	Acquired the heavy-duty hub and drum, and also the medium- and heavy-duty steel-wheel business from Bosch Braking Systems Corporation.
Mar. 1998	Acquired 35% interest in Automotive Overseas Investments Limited.
Mar. 1998	Acquired the remaining 50% interests in Alumitech, a joint venture between Asahi Tec and Tomen, including a 300,000 square feet facility in KY.
May 1998	Purchased an additional 51.1 % of the equity of Borlem SA Empreendimentos Industriais. The deal increased the Company's ownership of Borlem to 98.7 %, with the remaining shares being held by the public.
Jun. 1998	Exercised its right to purchase an additional 16% of the Automotive wheels business of Automotive Overseas Investments Ltd.
Jun. 1998	Acquired MIN-CER S.A. de C.V., Mexico's largest heavy-duty hub, drum and wheel manufacturer.
Feb. 1999	Acquired CMI International Inc. CMI International is a premier independent supplier of cast aluminum, iron and advanced polymer components to the automotive industry. CMI produces mainly intake manifolds. exhaust manifolds, cylinder blocks and heads, and steering chassis components.
Aug. 1999	Sold 50% interest in A-CMI, a joint venture formed in 1995 between Alcoa and CMI International.
2000	Purchased an additional 25% interest in NF Die Ltd., Alrode, South Africa, an aluminum wheel manufacturer. The purchase price of $ 7.2 million in cash increased the Company's interest in NF Die from 51% to 76%.
Jul. 2001	Announced plans to permanently close its facility in Petersburg, Michigan before the end of this year.
Nov. 2001	Announced plans to close its manufacturing facility in Bowling Green, Kentucky.
Dec. 2001	The Company, 30 of its wholly-owned domestic subsidiaries and one wholly-owned Mexican subsidiary filed voluntary petitions for reorganization relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.
Jan. 2002	Announced the sale of the non-core System Service business Schedl Automotive System Service Beteiligungsgesellschaft mbH & Co. Verwaltungs - KG, in Germany.
Feb. 2002	Announced to close its production facility in Somerset, Kentucky.
Jun. 2002	Announced the sale of its Schenk foundry, located in Maulbronn, Germany to Metallwerke Klo GmbH (MWK).
May 2003	In May, the Company announced that the U.S. Bankruptcy Court for the District of Delaware confirmed the modified Plan of Reorganization that was filed by the Company and certain of its subsidiaries. In Dec., the company acquired majority ownership of Jantas Sanayi ve Ticaret A.S., a steel wheel joint venture in Manisa, Turkey. Listed on the NASDAQ Stock Exchange (HAYZ) in December.
2004	Acquired Hayes Wheels Aluminio, an aluminum wheel plant in Chihuahua, Mexico and sells 40% interest in Hayes Wheels Acero, S.A. de C.V., a steel wheel company in Mexico. Forms Turkish aluminum wheel joint venture, Jantas Aliminyum Jant Sanayi ve Ticret A.S. The Company owns 40% of the joint venture with operation in Turkey. Closed its Howell, Michigan cast aluminium wheel facility.
2005	Closed its La Mirada, California aluminum wheel facility. Increased its ownership stake from 40% to 60% in its Turkish aluminum wheel joint venture. Closed its Campiglione, Italy aluminum wheel facility. Sold its Cadillac, Michigan ductile iron components foundry to a group private investors.
2006	Sold its Southfield, Michigan ductile iron suspension components machining facility to a group of private investors. Closed its Huntington, Indiana cast aluminum wheel facility. Entered into a technical license agreement with Tolyatinskiy Zavod Stalnih Kolyos, Russian manufacturer of automotive steel wheels.
2007	Sold its aluminum suspension components facilities to Diversified Machine Inc. and relocated its Automotive Components Group headquarters and Technical Center to Northville, Michigan. Completed $193 million equity rights offering and private placement and related debt restructuring. Sold MGG Group, which produces heat exchangers, intake manifolds and other cast aluminum components for the European market, to ECF-Group.
2012	Iochpe-Maxion, which is one of the leading wheel manufactures in Brazil, has concluded acquisition of 100% of the Company.
Jun. 2016	Opened a new light vehicle aluminum wheel plant in Limeira, Sao Paulo, Brazil.
Sep. 2017	Opened a new head office in Shanghai to explore the new business opportunity in the Chinese market.
Jan. 2018	Opened a new passenger car aluminum wheel plant in Pune, India.
Jun. 2019	The Company forms joint venture with Dongfeng Motor Parts and Components Group in Suizhou (China) to produce light vehicle aluminum wheels.