According to Zacks, “IOCHPE-MAXION is the leading Brazilian manufacturer of wheels and frames for commercial vehicles and railway freight cars and castings. The Company generates more than 6,500 jobs distributed in six industrial plants in the states of São Paulo, Minas Gerais and Rio de Janeiro. “
Separately, ValuEngine raised shares of IOCHPE MAXION S/S from a sell rating to a hold rating in a report on Monday, October 21st.
IOCHPE MAXION S/S Company Profile
Iochpe-Maxion SA produces and sells automotive wheels and structural components for light and commercial vehicles in North America, South America, Europe, and internationally. It operates through two segments, Wheels and Structural Components. The company offers heavy steel wheels; light steel wheels for automobiles, pick-up trucks, and SUVs, as well as light and medium-sized commercial vehicles; and light aluminum wheels for vehicles.
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