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Michelin To Setup New Plant in Mexico

Michelin To Setup New Plant in Mexico

Leading French tyre manufacturer Michelin has announced to add a new manufacturing location on the globe and come up with a plant in Mexico.


This new manufacturing in the Latin American country will be the tyre maker’s 69th around the world and its 21st in North America. Michelin has proposed to establish the new plant in León, in the state of Guanajuato in Mexico. The plant would be producing premium tyres for high-end cars as well as light commercial vehicles.

The new manufacturing facility will see first products coming off the assembly line in 2018 and will be sold in the Latin American market. The facility is built over an investment of 510 million dollars and will see the work getting commenced in a few months’ time from now. The company has a projected production volumes of 4-5 million tyres every year, seeing the high demand of the north American market.

“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,” said Jean-Dominique Senard, CEO of the Michelin Group, which is headquartered in Clermont-Ferrand (France).

The plant will also cater to automobile manufacturers based in the same area. There are 18 car companies which are located very close to the facility of Michelin in Guanajuato. The location of the plant will also allow Michelin to make its products available in the shortest possible time to the end customer. The company has also observed sharp growth in the Mexico automobile market in the recent times.

“We’re pleased to strengthen our industrial presence in Mexico, thereby being able to satisfy the needs of North American car manufacturers and motorists looking for high-quality tires that are perfectly adapted to their usage conditions,” said Mike Boggs, director of Michelin Mexico.

Source: IdianCarsBikes.in
By: Mayank Dhingra

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Co-Production International, Inc. Administrative Service Provider San Diego, California
Sales and Consultation Inquiries:
Toll Free: 855.480.0837

ico flag usaUSA Corporate Office
Ph: 619.429.4344
8716 Sherwood Terrace
San Diego, CA 92154
USA

ico flag usaMéxico Corporate Office
Tel.: 664.454.3330
Boulevard Agua Caliente 4558
Int. 701, Colonia Aviación
C.P. 22014, Baja California
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Av. Benito Juárez 1102 Col. Centro
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info@co-production.net

Co-Production International, Inc. Administrative Service Provider San Diego, California

ico flag usaUSA Corporate Office
Ph: 619.429.4344 / 855.480.0837
8716 Sherwood Terrace
San Diego, CA 92154 USA

ico flag usaMéxico Corporate Office
Tel.: 664.454.3330
Boulevard Agua Caliente 4558
Int. 701, Colonia Aviación
C.P. 22014, Baja California
info@co-production.net

ico flag usaMonterrey Nuevo León Office
Av. Benito Juárez 1102 Col. Centro
Piso 4 Torre Sur, Oficina 432
Monterrey, Nuevo León 64000, Mexico
info@co-production.net

ico flag usaUSA Corporate Office
Ph: 619.429.4344 / 855.480.0837
8716 Sherwood Terrace
San Diego, CA 92154 USA

ico flag usaMéxico Corporate Office
Tel.: 664.454.3330
Boulevard Agua Caliente 4558
Int. 701, Colonia Aviación
C.P. 22014, Baja California
info@co-production.net

ico flag usaMéxico Monterrey Office
Av. Benito Juárez 1102 Col. Centro
Piso 4 Torre Sur, Oficina 432
Monterrey, Nuevo León 64000, Mexico
info@co-production.net