Michelin breaks ground for new plant in Mexico

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Michelin Group began construction of its 69th global plant today with an official ground-breaking and traditional first stone ceremony held with honored government dignitaries, key customers and company leaders at the new site in Leon, Guanajuato, in central Mexico.

"Our actions here today demonstrate our confidence in Mexico's manufacturing environment, the skilled and talented workforce here and the infrastructure necessary to deliver tires efficiently throughout North America," said Jean-Dominique Senard, chief executive officer of Michelin Group, based in Clermont-Ferrand, France.

The new plant, Michelin Group's 21st site in North America, was announced in July. The plant will comprise approximately 142,000 square meters (more than 1.5 million square feet) on approximately 98 hectares (more than 240 acres) in the Parque Industrial Leon-Bajio, or "Pilba," as the industrial park is known locally. The plant represents Michelin Group's largest global investment for 2016, approximately 450 million (US$510 million), as the Company recently announced.

Construction of the plant is expected to begin immediately, with completion currently scheduled for late 2018. Production will increase gradually thereafter, eventually reaching 4 to 5 million tires a year, primarily under the Michelin brand for high-performance and ultra-high-performance cars, light trucks, SUVs and cross-over vehicles. The plant is expected to employ at least 1,000 people at capacity.

MexicoNow