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MAXION-WHEELS

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Maxion Wheels Opens Shanghai Corporate Office to Support Growing Customer Base

Maxion Wheels, the world’s largest producer of automotive wheels, announced today the opening of its Shanghai Corporate Office, focusing on the company’s growth strategy in the world’s largest automotive market.

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Kai Kronenberg, currently Vice President of Global Business Development and Innovation for Maxion Wheels, will also assume the role and duties of Chief Representative Officer for Maxion Wheels in China. He will be responsible for executing the company’s growth targets in China with an emphasis on increasing market share with both global and domestic OEMs.

“Kai’s passion for our business, and relentless pursuit of progress made him the ideal candidate for this new strategic executive appointment,” said Pieter Klinkers, CEO of Maxion Wheels. “We’re excited about the new market opportunities Kai and his team will develop, and look forward to the business growth that will take place under his leadership.”

Kronenberg has been with Maxion Wheels since 2004, when he joined the company to lead regional and global information technology enterprise services. He assumed the position of Vice President of Business Development in 2013. In 2014, Maxion Wheels launched a new structured innovation process led by Klinkers with support from Kronenberg. With the appointment of Klinkers as CEO of Maxion Wheels in 2015, Kronenberg took over the global innovation responsibility and developed the success story further.

The new Maxion Wheels office in Shanghai will be located at the following address: Suite #05, 22F, Tower 1 of Shang Hai ARCH; No. 523 Loushangguan Road, Changning District, Shanghai, China.

ABOUT MAXION WHEELS

Maxion Wheels, a division of IOCHPE-MAXION S.A., is a leading wheel manufacturer for passenger cars, light trucks, buses, commercial trucks and trailers. The Company also produces wheels for agriculture and military vehicles, as well as other off-highway applications. With more than 100 years of wheel-making experience and 10,000 employees globally, Maxion is the world's largest wheel manufacturer, producing 56 million wheels per year. The Company serves its global OEM customers from 28 locations in 15 countries on five continents, and has state-of-the-art technical centers in the Americas, Europe and Asia. To learn more, please visit Maxion Wheels’ website at www.maxionwheels.com .

Contact:

Colleen Hanley
Global Director, Marketing and Communications
Maxion Wheels
Tel: +1 (734) 737-5204
Mobile: +1 (248) 916-2477
Email: colleen.hanley@maxionwheels.com

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