Iochpe-Maxion Releases 3Q06 Results

SAO PAULO, Brazil, Nov. 6, 2006 -- Iochpe-Maxion [Bovespa: MYPK3 - (common) and MYPK4 (preferred) / ADR-OTC: IOCJY-PN (preferred)], largest Brazilian manufacturer of wheels and frames for commercial vehicles, railway freight cars and railway castings, releases its 3Q06 results.

  Results

  Net Operating Revenue: R$311.7 million
  Gross Income: R$55.9 million
  Operating Income Before Financial Expenses (EBIT): R$29.8 million
  Operating Income After Financial Expenses: R$23.6 million
  Net Income: R$13.9 million
  Earnings Per Share (EPS): R$0.2607
  EBITDA: R$36.4 million
  Net Bank Debt: R$184.0 million
  Capital Expenditures: R$10.3 million

In the 3Q06, Iochpe-Maxion posted a net income of R$13.9 million (earnings per share, R$0.2607), a 37% reduction when compared to a net income of R$22.0 million in the same period of 2005 (earnings per share, R$0.4140). The net operating revenue in the quarter reached R$311.7 million, a 19% reduction, reflecting a slowdown of the Brazilian production of commercial vehicles and a decrease of the demand for railway freight cars, which was partially offset by the growth of commercial vehicle wheels, castings and railway wheels exports.

In the first nine months, the net income reached R$56.4 million (earnings per share, R$1.0594), a 5% growth when compared to a net income of R$53.9 million in the same period of 2005 (earnings per share, R$1.0132).

Capital expenditures, primarily focused on the improvement of the industrial plant and production capacity increases, reached R$10.3 million in the quarter and R$45.7 million during the year to date.

The complete release on Iochpe-Maxion performance in 3Q06 is available for view and download on the Company's website (http://www.iochpe-maxion.com.br/).

IOCHPE-MAXION

Iochpe-Maxion is the parent company of two main companies: Maxion Sistemas Automotivos Ltda (with the Automotive Components Division and the Wheels and Chassis Division) and Amsted Maxion Fundicao e Equipamentos Ferroviarios S.A. These companies operate five plants located in the cities of Cruzeiro, Osasco and Hortolandia, in Sao Paulo inland, and Contagem, in Minas Gerais state. Iochpe-Maxion is a listed company since 1984. Its controlling shareholders are Companhia Iochpe and BNDESPAR, both with representatives on the Board of Directors.

  Contact
  Marcio Fenelon
  Investor Relations - Iochpe-Maxion S.A.
  fenelon@iochpe.com.br - Phone (55 11) 5508-3843 / Fax (55 11) 5506-7353