Iochpe-Maxion
Encyclopedia
Iochpe-Maxion is a the largest global wheel maker company with two
main divisions in the auto parts and railway
equipment industries, which together account
for nearly 14.0 thousand direct job positions at 23
manufacturing plants in the states of São Paulo,
Minas Gerais
, and Rio de Janeiro and in more than 11 countries.
Iochpe-Maxion’s products are sold to more than
42 countries on five continents. Key destinations are
the United States, Venezuela
, Argentina
, Canada,
and Italy, which together accounted for 80% of the
company’s exports in 2005. During this period,
export sales totaled US$96 million (representing
approximately 15% of the company’s net operating
revenue), an increase of 103% in US dollar terms
(61% in local currency terms) over the previous year,
when exports totaled US$47 million.
In 1996, the agricultural equipment business was sold to AGCO
. Maxion was at the time the licensee for AGCO's Massey-Ferguson brand of tractors and combines, and also manufactured tractors and backhoes under the Maxion brand, and combines under the IDEAL brand.
This division manufactures steel wheels for trucks,
buses and agricultural machinery and complete
chassis, siderails, and cross-members for trucks,
buses and light commercial vehicles. In 2005, it
remained the leader in these two segments in the
domestic market, with a 60% share of the wheel
market and a 71% share of the chassis market. The division’s plants are located in Cruzeiro, in the
state of São Paulo, and in Resende, in the state of
Rio de Janeiro
. The division employs 3.1 thousand
workers and accounted for 54% of the company’s
consolidated net operating revenue in 2005.
pedal sets, latches, and locks, among other
components for passenger cars. Its plant is located
in the city of Contagem
, in the state of Minas Gerais
.
The division employs 800 workers and accounted
for 6% of the company’s consolidated net operating
revenue in 2005.
This is a joint venture between Iochpe-Maxion and
Amsted Industries that manufactures railway freight
cars, railway wheels, and industrial and railway
castings. In 2005 it remained the leader in the
domestic railway freight car segment, with nearly
84% of the market; it also remained the leader in
the domestic railway castings segment, with nearly
80% of the market. The division has plants in
Cruzeiro
, Osasco
, and Hortolândia
, all in the state of
São Paulo
. With 4.7 thousand employees, the division
accounted for 40% of the company’s consolidated net
operating revenue in 2005.
main divisions in the auto parts and railway
equipment industries, which together account
for nearly 14.0 thousand direct job positions at 23
manufacturing plants in the states of São Paulo,
Minas Gerais
Minas Gerais
Minas Gerais is one of the 26 states of Brazil, of which it is the second most populous, the third richest, and the fourth largest in area. Minas Gerais is the Brazilian state with the largest number of Presidents of Brazil, the current one, Dilma Rousseff, being one of them. The capital is the...
, and Rio de Janeiro and in more than 11 countries.
Overview
42 countries on five continents. Key destinations are
the United States, Venezuela
Venezuela
Venezuela , officially called the Bolivarian Republic of Venezuela , is a tropical country on the northern coast of South America. It borders Colombia to the west, Guyana to the east, and Brazil to the south...
, Argentina
Argentina
Argentina , officially the Argentine Republic , is the second largest country in South America by land area, after Brazil. It is constituted as a federation of 23 provinces and an autonomous city, Buenos Aires...
, Canada,
and Italy, which together accounted for 80% of the
company’s exports in 2005. During this period,
export sales totaled US$96 million (representing
approximately 15% of the company’s net operating
revenue), an increase of 103% in US dollar terms
(61% in local currency terms) over the previous year,
when exports totaled US$47 million.
History
Iochpe-Maxion, a publicly traded company since 1984, has its roots in the Iochpe Group, which started activities in the timber industry in Brazil's state of Rio Grande do Sul in 1918. After several decades of business diversification, the conglomerate shifted its focus in the late 1990s to the auto parts and railroad equipment businesses. Iochpe-Maxion currently has two main subsidiaries, both leaders in their industries: Maxion Sistemas Automotivos Ltda. (which operates with the Wheel and Chassis Division and the Automotive Component Division), and Amsted Maxion Fundicao e Equipamentos Ferroviarios S.A. These companies have five plants in the cities of Cruzeiro, Osasco and Hortolandia, in the state of São Paulo; and in Contagem, in the state of Minas Gerais. Iochpe-Maxion's parent companies are Companhia Iochpe and BNDESpar, both represented on the Board of Directors.In 1996, the agricultural equipment business was sold to AGCO
AGCO
AGCO is an agricultural equipment manufacturer based in Duluth, Georgia, USA. As a leading global manufacturer of agricultural equipment, AGCO offers a full line of tractors, combines, hay tools, sprayers, forage and tillage equipment, which are distributed through more than 2,700 independent...
. Maxion was at the time the licensee for AGCO's Massey-Ferguson brand of tractors and combines, and also manufactured tractors and backhoes under the Maxion brand, and combines under the IDEAL brand.
Wheel and Chassis Division
buses and agricultural machinery and complete
chassis, siderails, and cross-members for trucks,
buses and light commercial vehicles. In 2005, it
remained the leader in these two segments in the
domestic market, with a 60% share of the wheel
market and a 71% share of the chassis market. The division’s plants are located in Cruzeiro, in the
state of São Paulo, and in Resende, in the state of
Rio de Janeiro
Rio de Janeiro (state)
Rio de Janeiro is one of the 27 states of Brazil.Rio de Janeiro has the second largest economy of Brazil behind only São Paulo state.The state of Rio de Janeiro is located within the Brazilian geopolitical region classified as the Southeast...
. The division employs 3.1 thousand
workers and accounted for 54% of the company’s
consolidated net operating revenue in 2005.
Automotive Components Division
This division manufactures handbrake levers,pedal sets, latches, and locks, among other
components for passenger cars. Its plant is located
in the city of Contagem
Contagem
Contagem is a city in the center of the state of Minas Gerais, in Brazil. It is located only 21 kilometers from the capital, Belo Horizonte and forms part of a metropolitan area with a population of 4.8 million....
, in the state of Minas Gerais
Minas Gerais
Minas Gerais is one of the 26 states of Brazil, of which it is the second most populous, the third richest, and the fourth largest in area. Minas Gerais is the Brazilian state with the largest number of Presidents of Brazil, the current one, Dilma Rousseff, being one of them. The capital is the...
.
The division employs 800 workers and accounted
for 6% of the company’s consolidated net operating
revenue in 2005.
Amsted Maxion Fundição E Equipamentos Ferroviários S.A.
Amsted Industries that manufactures railway freight
cars, railway wheels, and industrial and railway
castings. In 2005 it remained the leader in the
domestic railway freight car segment, with nearly
84% of the market; it also remained the leader in
the domestic railway castings segment, with nearly
80% of the market. The division has plants in
Cruzeiro
Cruzeiro, São Paulo
Cruzeiro is a city in the state of São Paulo in Brazil. It is located about from the state capital...
, Osasco
Osasco
Osasco is a municipality and city in São Paulo State, Brazil, is located in the Greater São Paulo and ranking 5th in population among São Paulo municipalities. The current mayor is Emidio Pereira de Souza ....
, and Hortolândia
Hortolândia
Hortolândia is a municipality in the state of São Paulo in Brazil. The population in 2008 is 201 049 and the area is 62,2 km². The elevation is 587 m....
, all in the state of
São Paulo
São Paulo (state)
São Paulo is a state in Brazil. It is the major industrial and economic powerhouse of the Brazilian economy. Named after Saint Paul, São Paulo has the largest population, industrial complex, and economic production in the country. It is the richest state in Brazil...
. With 4.7 thousand employees, the division
accounted for 40% of the company’s consolidated net
operating revenue in 2005.