This second location will stand over a 142,000 square meters area.
Michelin expects to grow its production threefold after the construction of its second plant in Mexico.
This second factory will be located in the industrial park Parque Industrial Leon-Bajio, in Leon, Guanajuato, with a $510 million capital investment.
This location will stand over a 142,000 square meters area, and operations are expected to start in the last trimester of 2018. According to this French Corporation, over 2 million tires per year are currently manufactured at the Queretaro location, where over 600 associates are employed.
It is estimated that the Guanajuato plant shall produce 4 million tires, with and add up of 6 million tires that will go to the local and the U.S. markets.
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Having spent many years at KPMG as a partner and finally as Head of Corporate Finance, Midlands, Richard Boot currently chairs and holds directorship of various companies associated with staffing and recruitment. He is also a former board member of IRC Global Executive Search Partners.
IRC Global Executive Search Partners convened affiliates and business partners at three regional summits covering Asia Pacific (APAC), Europe, the Middle East and Africa (EMEA) and the Americas in early 2019 to spark an intercontinental discussion about leadership and organizational preparedness in an era characterized by accelerating technological change and disruption.