Mexico’s tire industry expects to increase its production by 5%

The tire industry in Mexico expects to raise its production by a 5% rate, to achieve a historical production record of 31.3 million units.

These plans are based on the fact that new factories will open in Mexico in upcoming months, informed the President of the National Association of Tire Distributors and Renewal Plants, Elizabeth Ventura.

Likewise, the Goodyear plant in San Luis Potosi, will start operations in April, with investment valued at US$550 million, in order to produce 6 million tires annually.

Pirelli is planning to open its second plant in Silao, Guanajuato, midway along 2017, with a US$200 million capital investment; while Michelin expects to open its second plant in Leon in late 2018, investing US$510 million to manufacture 5 million extra tires.

MexicoNow

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