Groundbreaking held for Pirelli’s second Mexico tyre factory

Wednesday 29th June 2016 | 0 Comments

 

The China National Chemical Corporation (ChemChina) reports that its subsidiary Pirelli “recently” held a groundbreaking ceremony for its new facility in Mexico. It shares that the US$360 million has been invested in the new plant so far, and by the end of 2018 the total investment figure will exceed $600 million.

As previously reported, the factory in Silao, Guanajuato state will be capable of producing 2.5 million high performance and UHP tyres a year, lifting Pirelli’s production capacity in Mexico to 7.5 million units a year by 2018. Pirelli also intends to build a 9,600 square metre warehouse at the factory site.

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Category: Company News, International News