Sailun to Build a Tire Plant in Mexico

Chinese tire maker Sailun Group plans to partner with the owner of Mexico’s largest tire dealer to build a USD240 million automobile tire plant in the South American country to enhance its ability to cope with international trade barriers.

Sailun’s Singaporean unit will join hands with TD International Holdings to build a plant with an annual production capacity of six million semi-steel radial tires for the North American market in Leon in Mexico’s Guanajuato State, the Qingdao-based company announced late on Dec. 15. The construction period will be 12 months. …

Source: Yicai Global