Michelin confirms plans to build manufacturing unit in Mexico.
On 4 July Michelin issued news of its plans to build a facility for producing high-end car and light truck tyres there. Michelin says construction of the 142,000 square metre, €450 million factory in León, Guanajuato state will begin in the second half of this year, with tyre production expected to commence in the fourth quarter of 2018. An annual output of 4 to 5 million tyres is planned for the initial production phase, and the León plant will be gradually ramped up.
“Michelin is building this plant to respond both to sharp growth in Mexico’s automobile market and to the confidence that the world’s largest car manufacturers have put in us,” shares Michelin Group chief executive officer Jean-Dominique Senard. “The largest investment approved by the Group in 2016, the new plant reflects our ability to take advantage of growth opportunities in the dynamic North American market and to make our manufacturing operations more agile by deploying tyre ranges that integrate innovative technology.”