The Iochpe-Maxion Group’s railroad expertise goes a long way back, to its founding in 1918 as a logging company. A lot of the Group’s export timber was sent by train to the country’s southern ports, so private railway lines for mule-drawn trolleys had to be built between the logging patios and these stations. In the 1930s, the Group started supplying wooden sleepers for the Getúlio Vargas government’s railway expansion program. In 1990, the Iochpe-Maxion Group became a direct player in the railroad industry through the acquisition of FNV– Fábrica Nacional de Vagões (National Freight Cars Factory), a well-established railcar company founded in 1943. In 1998, with the Cruzeiro plant modernized and restructured, FNV became Maxion—Foundry and Railroad Equipment. In 2000, a joint venture was sealed with the US company Amsted Industries, one of the world’s largest transport-sector components manufacturers, present in almost a dozen countries. The joint venture followed upon years of successful technological cooperation between the two organizations.
The result was AmstedMaxion, which enjoyed rampant growth both domestically, thanks to the railroad concessions program, and abroad, especially in North America. More recently, in 2015, Greenbrier, the leading North-American cargo freight car manufacturer, added new weight to the joint venture, reinforcing AmstedMaxion, a reference in the development and production of steel wheels, railway castings, shock absorption and traction systems, and micro-alloyed steel railway wheels, with Greenbrier-Maxion, leader in the manufacture and supply of railcars.