Pirelli Tyre S.p.A. has inaugurated production at its car and light truck tire plant in Silao and is nearly doubling the investment in the plant to $400 million by 2017.
The 1.45 million-sq.-ft. plant will focus on premium segment tires, Pirelli said, including high- and ultra-high-performance tires for cars and SUVs for the domestic and U.S./Canada markets.
The plant is expected to produce 400,000 tires this year and hit 3.5 million units a year by 2015. When fully operational in 2017, production is expected to be 5.5 million units annually.
Pirelli inaugurated the factory May 31 with Mexican President Felipe Calderón Hinojosa and Pirelli Chairman and CEO Marco Tronchetti Provera presiding.