The Japanese manufacturer Mitsui & Co. Ltd. will build a tire factory in Northern Mexico through its affiliate Android Industries, which will have the capacity to satisfy the demand of 300 thousand vehicles. The factory will be built in the city of Saltillo and it is expected to begin operations in March 2016, according to the report.
The investment’s amount is still undisclosed. Mexico is the seventh largest producer of light vehicles and ranks fifth in auto parts, according to the Mexican government. Mexico exports more than 80% of its production to international markets.