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Pirelli Launches Investment of $116.6 Million US in the Silao Plant in Mexico

Autosphere » Tires » Pirelli Launches Investment of $116.6 Million US in the Silao Plant in Mexico
Pirelli's Silao factory in Mexico. Photo Pirelli

On the occasion of the tenth anniversary of the founding of the Silao factory, Pirelli today announced the start of a $116.6 million US (114-million-euro) investment–already envisaged in the 2021-2022 | 2025 industrial plan.

The construction–planned for the two-year period 2022/2023–is aimed at further increasing high-value production at the Mexican site. The investment confirms the strategic importance of the plant and will see an increase in production capacity of over one million pieces for a total of 8.5 million tires by 2025 when fully operational (from 7.2 million at the end of 2022).

With an expansion of the production area of 16,000 square meters to over 220,000 and further improvement of the mix, the investment will also create of 400 new jobs for a total of 3,200 employees when fully operational.

The investment was announced during the visit by the governor of the Mexican state of Guanajuato, Diego Sinhue Rodríguez Vallejo, to the Silao factory for the celebration of its tenth anniversary. The ceremony also saw the participation of the Executive Vice Chairman and CEO of Pirelli, Marco Tronchetti Provera, via video message and was attended by the Ambassador of Italy to Mexico, Luigi De Chiara, the President and CEO of Pirelli North America, Claudio Zanardo and the CEO and General Manager of Pirelli Neumaticos SA Mexico, Paolo Benea.

“The Silao plant has made an important contribution to the success of Pirelli’s global strategy of becoming the leader in the High Value segment. When we chose Silao, and the Guanajuato region, as the location for a new plant 10 years ago, our expectations were very high. Today I am happy to say that we have achieved our goals and that the factory and the people who work there have exceeded our expectations. In fact, the Silao plant is one of the most technologically advanced in the Group and will soon host a new Pirelli R&D Centre. As we have for 10 years, we continue to strongly believe in Silao and its people”, said Marco Tronchetti Provera, Executive Vice Chairman and CEO of Pirelli.

 

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