Michelin to build second car tyre plant in Mexico

Mexico City – Michelin North America Inc. plans to build a $740 million (€550 million) passenger car and light truck tyre plant in central Mexico to make Michelin-brand tyres beginning in 2010.

Michelin said construction should begin in late 2008 in the state of Guanajuato, Mexico. The investment covers projects through the end of 2014, the tyre maker said. Employment should reach 1300 at full capacity.

The tyre maker did not release expected capacity of the plant but said it “will support the growing North American demand…

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