Guanajuato, Mexico – Pirelli plans to construct its first tire production plant in Mexico, which will produce high-performance and ultra-high-performance tires for cars and light trucks. The new factory is located in Silao, about 400 kilometres from Mexico City.
Pirelli will initially invest approximately US$210 million in the plant, which will be operational in 2012. Plans are for an initial daily production capacity of 10,500 units. A projected annual capacity of 3.5 million tires in 2014 is expected to increase to approximately five million units by 2015.
“This new facility is important because it complements our production in Latin America,” said Guillermo Kelly, CEO of Pirelli Latin America. “The new factory location is also crucial as it will allow us to better serve both our Mexican customers and the NAFTA region. This is a significant investment for our customers as we will feature the latest technology developed by Pirelli to be able to supply the needs of the continually evolving market.”
The Mexico plant will be Pirelli’s eighth tire manufacturing facility in Latin America and its twentieth worldwide.