Michelin Group to Build €450 Million Passenger-Tire Plant in Central Mexico

Specifications:

Name:

Michelin Group to Build €450 Million Passenger-Tire Plant in Central Mexico

Location:

Central Mexico

Company:

Michelin Group

Estimated Cost:

€450 million

Source:

michelinmedia.com

Introduction:

Michelin Group began construction of its 69th global Passenger-Tire plant in Central Mexico with an investment of €450 million. Official ground-breaking and traditional first stone ceremony held with honored government dignitaries, key customers and company leaders at the new site in León, Guanajuato, in central Mexico.

Features:

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 León-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.