Michelin’s new state-of-the-art production facility in Mexico will manufacture high-end tires for passenger cars and light trucks, and is expected to be operational in Q4 2018.
Construction on the 142,000m² plant, which represents an investment of €450m (US$510m), is expected to begin in the second half of 2016. During the initial production phase, the facility will manufacture four to five million tires a year for OE customers with plants in the region, as well as for the large North American domestic market, which has seen strong growth in recent years.
The plant’s location was chosen because it is just a three-hour drive from the production facilities of 18 large car manufacturers with operations in Mexico. Tires will thus be delivered to customers faster and more cost effectively.
Jean-Dominique Senard, CEO of the Michelin Group, said, “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 tire ranges that integrate innovative technology.”