Iochpe-Maxion Presents Net Income of R$ 22.0 Million in Third Quarter 2005

SAO PAULO, Brazil, Nov. 3, 2005 -- Iochpe-Maxion S.A. (BULLETIN BOARD: IOCJY) (Bovespa: MYPK3 MYPK4) presents net income of R$ 22.0 million in third quarter 2005

                           Consolidated Figures
                            Third Quarter 2005
  Net Sales:                                        R$ 386.7 million
  Gross Profit:                                     R$  78.4 million
  Earnings Before Interest and Taxes (EBIT):        R$  53.6 million
  Operational Result After Financial Expenses:      R$  42.1 million
  Net Income:                                       R$  22.0 million
  Earnings Per Share (EPS):                         R$  0.41
  Gross Cash Generation (EBITDA):                   R$  60.6 million
  Net Bank Debt:                                    R$ 160.8 million
  Capital Expenditures:                             R$  14.0 million

Iochpe-Maxion recorded net income of R$ 22.0 million in third quarter 2005. Net sales in the third quarter amounted to R$ 386.7 million, up 26.9% over third quarter 2004, reflecting the increase of railway equipment and industrial castings exports to the U.S. market, the local railway equipment market increase, and growth of Brazilian production of buses, light commercial vehicles and trucks. The Company's exports presented a strong growth, reaching US$ 23.6 million in the third quarter of 2005, up 67% in dollar terms over the same period of last year.

Earnings before interest and taxes (EBIT) amounted to R$ 53.6 million in third quarter 2005, up 10.8%, while gross cash generation (EBITDA) reached R$ 60.6 million, a growth of 9.3%, in all cases over the same period of last year. Earnings per share (EPS) stood at R$ 0.41 for the third quarter.

Iochpe-Maxion

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 Sao 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.

The Iochpe-Maxion investor relations website at http://www.iochpe-maxion.com.br/ contains comprehensive information about the company, including quarterly financial statements, presentations and releases.