Michelin maintains Mexico projects

Tire producer Michelin ensured the continuity of its projects in Mexico, despite pressures to have manufacturers withdraw from Mexican territory. Jean-Dominique Senard, President of the Company, commented at the Detroit Auto Show: “We are going to be where our clients are, our business is global and we are not reconsidering our presence in Mexico”. The firm announced back in July 2016, its plans to build a plant focused on high-finish tires, with an estimated investment of US$475 million. The Company expects the unit, located in Guanajuato, to be ready in 2018 and have a production of up to 5 million tires.