Italy-based tyre manufacturer Pirelli has announced plans to invest $36m in its manufacturing facility in Silao, Mexico. The investment will increase production capacity to 7.2 million tyres per year. The expansion will also include the creation of 150 new jobs.
Chief executive officer Marco Tronchetti Provera commented: “Mexico is a strategic area for Pirelli for all its activities in North and Central America. The visit of governor Rodrìguez Vallejo is a testament to the close ties between the company and the state of Guanajuato, one of Mexico’s most economically advanced areas, where we intend to continue to invest for further growth.”
Pirelli’s Silao plant opened in 2012. The site currently produces more than 6.6 million pieces per year of high performance and ultra-high performance tyres for Premium and Prestige cars as well as electric vehicles. The plant serves the local and wider North American market and employs more than 2,700 staff.
Naomi Davies is an FDI consultant at Investment Monitor, with expertise in location benchmarking and cross-border investment.