Groundbreaking held for Goodyear’s Mexican tyre plant
Work has officially begun on the passenger car and light commercial vehicle tyre factory Goodyear Tire & Rubber is setting up to satisfy anticipated demand within the Americas. A groundreaking ceremony was held at the San Luis Potosi site in Mexico yesterday.
During the event, Goodyear Latin America president Jean Claude Khin told attendees that the factory in Mexico will be a world-class facility, equipped with the latest-generation production equipment and technology. Martin Rosales, managing director and CEO of Goodyear’s Mexican subsidiary, added that San Luis Potosi was selected to manufacture Goodyear products for North America and the Latin American markets as it offered a skilled workforce, excellent roads and infrastructure and was in good proximity to suppliers.
Goodyear will invest upwards of US$550 million, net of government incentives, in the new, 6 million tyre per annum plant. It is expected to begin operation in 2017.